On the backward-forward procedure

C. Gourieroux; J. J. Laffont; A. Montfort

doi:10.1016/0165-1765(80)90033-6

On the backward-forward procedure

C. Gourieroux
, J. J. Laffont
, A. Montfort

Research output: Contribution to journal › Article › peer-review

Abstract

It is shown that backward-forward procedure which selects solutions in dynamic models with rational expectations may fail to give a solution when the lags are of order two.

Original language	English
Pages (from-to)	215-217
Number of pages	3
Journal	Economics Letters
Volume	5
Issue number	3
DOIs	https://doi.org/10.1016/0165-1765(80)90033-6
Publication status	Published - 1 Jan 1980
Externally published	Yes

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title = "On the backward-forward procedure",

abstract = "It is shown that backward-forward procedure which selects solutions in dynamic models with rational expectations may fail to give a solution when the lags are of order two.",

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AU - Montfort, A.

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VL - 5

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JO - Economics Letters

JF - Economics Letters

IS - 3

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On the backward-forward procedure

Abstract

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