Comparative Dynamics in Perfect-Foresight Models.

This paper analyzes the technique of comparative dynamics (Judd, 1982) for the computation of the impact of perturbations on a steady state in a perfect-foresight model. The accuracy of this technique is demonstrated by numerical simulation experiments. Moreover, the technique is generalized to discrete-time models. Citation Copyright 1998 by Kluwer Academic Publishers.

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Year of publication:	1998
Authors:	Meijdam, Lex ; Verhoeven, Marijn
Published in:	Computational Economics. - Society for Computational Economics - SCE, ISSN 0927-7099. - Vol. 12.1998, 2, p. 115-24
Publisher:	Society for Computational Economics - SCE

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005808985