Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function

This paper derives a second-order approximation to the solution of rational expectations, dynamic, general equilibrium models. To illustrate its applicability, the method is used to solve the dynamics of a simple neoclassical model. The paper closes with a brief description of a set of MATLAB programs designed to implement the method.

MoreLess

Year of publication:	2001-07-24
Authors:	Schmitt-Grohe, Stephanie ; Uribe, Martin
Institutions:	Department of Economics, Rutgers University-New Brunswick
Subject:	Perturbation Method \| Second Order Approximation \| Solving Dynamic General Equilibrium Models

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Departmental Working Papers.
Type of publication:	Book / Working Paper
Classification:	C63 - Computational Techniques ; E0 - Macroeconomics and Monetary Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005746188