Lan, Hong; Meyer-Gohde, Alexander - In: Journal of Economic Dynamics and Control 45 (2014) C, pp. 366-388
We prove that the undetermined Taylor series coefficients of local approximations to the policy function of arbitrary order in a wide class of discrete time dynamic stochastic general equilibrium (DSGE) models are solvable by standard DSGE perturbation methods under regularity and saddle point...