Solving dynamic equilibrium models by a method of undetermined coefficients

A presentation of an undetermined coefficients method for obtaining a linear approximation to the solution of a dynamic rational-expectations model. It shows how that solution can be used to compute the model’s implications for impulse response functions and for second moments.

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Year of publication:	1998
Authors:	Christiano, Lawrence J.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Econometric models

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 9804
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005729090