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
Institutions:	CESifo
Subject:	stochastic dynamic general equilibrium \| linear solution methods \| algorithm \| Generalized Schur factorization \| business cycles

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2873
Classification:	C68 - Computable General Equilibrium Models ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008572539