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RBC features 1 approximation solution methods 1 endogenous growth 1
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Barañano, Ilaski 1 Iza, Amaia 1 Vázquez, Jesús 1
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Spanish Economic Review 1
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A comparison between the log-linear and the parameterized expectations methods
Barañano, Ilaski; Iza, Amaia; Vázquez, Jesús - In: Spanish Economic Review 4 (2002) 1, pp. 41-60
This paper compares the performance of a log-linear method and a parameterized expectations method in solving a dynamic general equilibrium endogenous growth model with human capital. Quantitative evaluation based on second moment statistics shows that the results provided by the two numerical...
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