Torój, Andrzej - In: Central European Journal of Economic Modelling and … 1 (2009) 3, pp. 211-241
This article introduces and applies two refinements to the algorithm of solving rational expectations models of a … currency union. Firstly, building upon Klein (2000), it generalizes the standard methods of solving rational expectations … models to the case of time-varying nonstochastic parameters, recurring in a finite cycle. Such a specification occurs in a …
