Multi-country real business cycle models: Accuracy tests and test bench

This paper describes the methodology used to compare the results of different solution algorithms for a multi-country real business cycle model. It covers in detail the structure of the model, the choice of values for the parameters, the accuracy tests used in the comparison, and the computer program specifically developed for performing the tests.

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Year of publication:	2011
Authors:	Juillard, Michel ; Villemot, Sébastien
Published in:	Journal of Economic Dynamics and Control. - Elsevier, ISSN 0165-1889. - Vol. 35.2011, 2, p. 178-185
Publisher:	Elsevier
Keywords:	Accuracy tests Numerical solutions Heterogeneous agents

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008864842