We propose a simple and powerful method for determining the transition processin continuous-time DSGE models under Poisson uncertainty numerically. The idea isto transform the system of stochastic dierential equations into a system of functionaldierential equations of the retarded type. We then...

In this work we provide a theoretical overview of a search equilibrium model with continuous productivity dispersion and perform its estimation for the Austrian data. We describe empirically the dynamics of market equilibrium outcomes. Special emphasis is made on the analysis of changes in...

In this paper we study the decline in total fertility rates in the Czech Republic during the transition process. To identify transition-specific features of this decline we use a multiperiod model of birth process and apply it to the family and fertility survey of 1998. In a standard duration...