Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients

I present an undetermined coefficients method for obtaining a linear approximating to the solution of a dynamic, rational expectations model. I also show 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:	1998-02
Authors:	Christiano, Lawrence
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Technical Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 0225
Classification:	C6 - Mathematical Methods and Programming ; C63 - Computational Techniques
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005832282