The first-order condition (FOC) associated with labour in many dynamic general equilibrium models involves only current …) associated with labour in many dynamic general equilibrium models involves only current period variables. Residuals constructed … hours. JEL classification: E32, C52 Keywords: dynamic general equilibrium models, real business cycles, first …

Classification Numbers: E320, E13, H200, E260 Keywords: Two-sector Dynamic General Equilibrium Models, Fiscal Policy, Tax Eva- sion … consistent comparison with this literature. For quantitative implications of optimal fiscal policy within dynamic general … equilibrium models, see, for instance, Chari, Christiano and Kehoe (1995), or Cooley (1993). 4We could think, for example, that …

Numbers: E320, E13, E260, O40 Keywords: Dynamic General Equilibrium Models, Fiscal Policy, Tax Evasion and Under- ground … Activities, Indeterminacy and Sunspots. 1 Introduction The equilibrium effects and the role of fiscal policy in dynamic general … equilibrium models of fluctuations have been object of thorough investigations in the last decade. Significant work has been done …

Economic Literature Classiflcation Numbers: F11, E320 Keywords: Demand Shocks, Two-sector Dynamic General Equilibrium Models …

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 …