Computation of business-cycle models with the Generalized Schur Method

Burkhard Heer ; Alfred Maussner

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. -- stochastic dynamic general equilibrium ; linear solution methods ; algorithm ; Generalized Schur factorization ; business cycles

MoreLess

Year of publication:	2009
Authors:	Heer, Burkhard ; Maußner, Alfred
Publisher:	München : CESifo
Subject:	Konjunkturtheorie \| Business cycle theory \| Stochastischer Prozess \| Stochastic process \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| Allgemeines Gleichgewicht \| General equilibrium \| Numerisches Verfahren \| Numerical analysis \| Theorie \| Theory

Extent:	Online-Ressource (12 S.)
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. 2873
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Parallel als Druckausg. erschienen
Other identifiers:	hdl:10419/30510 [Handle]
Classification:	C63 - Computational Techniques ; C68 - Computable General Equilibrium Models ; E32 - Business Fluctuations; Cycles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003922867