Abstract
In this paper we develop a set of innovative forward-shooting algorithms that solve for the global nonlinear saddle path in models with 1–3 jump variables. Exploiting the fact that the algorithms are mechanical and model-free, we have placed canned, fully automated programs in the public domain. The programs do not require any substantive human input. The user’s only responsibility is to type in the equations of the model correctly.
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Atolia, M., Buffie, E.F. Smart Forward Shooting. Comput Econ 33, 1–30 (2009). https://doi.org/10.1007/s10614-008-9146-2
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DOI: https://doi.org/10.1007/s10614-008-9146-2