Computation of business-cycle models with the Generalized Schur Method

We describe an algorithm that is able to compute the solution of a singular linear difference system under rational expectations. The algorithm uses the Generalized Schur Factorization and is illustrated by a simple example.

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Year of publication:	2009
Authors:	Heer, Burkhard ; Maußner, Alfred
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Konjunkturtheorie \| Stochastischer Prozess \| Dynamisches Gleichgewicht \| Allgemeines Gleichgewicht \| Numerisches Verfahren \| Theorie \| stochastic dynamic general equilibrium \| linear solution methods \| algorithm \| Generalized Schur factorization \| business cycles

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Series:	CESifo Working Paper ; 2873
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	617105944 [GVK] hdl:10419/30510 [Handle]
Classification:	C63 - Computational Techniques ; C68 - Computable General Equilibrium Models ; E32 - Business Fluctuations; Cycles
Source:	EconStor

Persistent link: https://www.econbiz.de/10010275804