Wen, Yi (contributor); Wu, Huabin (contributor) - 2008
and smoother under second-order approximation method than those found under the �rst-
order method, and hump shaped … contrast to the results of
Benhabib and Wen (2004) where, under the �rst-order approximation method, hump-shaped
dynamics ….g.,
in the Benhabib-Farmer model), under the �rst-order approximation method, positive tech-
nology shocks are extremely …
