Two common properties of macroeconomic models are saddle-path instability and the existence of non-linearities. Under these circumstances, a common approach is to make analysis more tractable by linearising the model in the neighbourhood of an appropriate steady-state. The linearised model is...

This paper examines the issue of modelling languages as software tools for the construction and analysis of economic models. Modelling languages are intermediate level software tools that fit between the conventional commercial programming languages (such as C ++ and Java) and the higher level...