Dynamic Policy in Linear Models Expectations of Future Events.POREM- a computer Package for policy optimisation of linear dynamic, continuous-time models with constant coefficients and rational expectations of future events, based on infinite horizons and quadratic preferences. It is possible to calculate cooperative, decentral- ised Nash and decentralised Stackelberg outcomes and for each outcome it is possible to allow for pre-commitment and for lack of pre-commitment vis-a-vis private sector agents. It is possible to allow for hierarchical games, that is to allow for a group of Stackelberg leaders and a group of Stackelberg followers. The input of the model is very user-friendly and can be done with the aid of mnemonics. The package is programmed in FORTRAN77 and a singie-precision version is available for personal computers
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- van der Ploeg, Frederick; Markink, A.J.: Dynamic policy in linear models with rational expectations of future events: A computer package (1991)