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standard perturbation output. I examine the joint macroeconomic and asset pricing implications of a real business cycle model …
Persistent link: https://www.econbiz.de/10010374573
The standard approach to solving linear DSGE models is to apply the QZ method. It is a one-shot algorithm that leaves …
Persistent link: https://www.econbiz.de/10015206920
linear dynamic stochastic general equilibrium (DSGE) models when there is insufficient eigenvalue separation about the unit …
Persistent link: https://www.econbiz.de/10012483338
quadratic that underlies the recursive solution of linear DSGE models. The methods are compared using nearly 100 different … solving DSGE models, providing higher accuracy as measured by the forward error of the solution at a comparable computation …
Persistent link: https://www.econbiz.de/10013368452
solution of linear DSGE models. We present and compare two Structure-Preserving Doubling Algorithms (SDAs) to other competing …
Persistent link: https://www.econbiz.de/10014444739
This paper presents and compares Bernoulli iterative approaches for solving linear DSGE models. The methods are … methods compare favorably in solving DSGE models to the QZ, providing similar accuracy as measured by the forward error of the …
Persistent link: https://www.econbiz.de/10014252497
discrete time DSGE models. We derive the perturbation using a matrix calculus that preserves linear algebraic structures to … existence theorem of perturbation solutions. -- Perturbation ; matrix calculus ; DSGE ; solution methods ; Bézout theorem … is independent of terms first order in the perturbation parameter, and relax the assumptions needed for the local …
Persistent link: https://www.econbiz.de/10009490194
stability of the solutions of linear dynamic stochastic general equilibrium (DSGE) models. Comparing seven different solution … inaccuracies. The analysis is then performed for a database of roughly 100 DSGE models from the literature and a large set of draws …
Persistent link: https://www.econbiz.de/10014429077
We present the first necessary and sufficient conditions for the existence of a unique perfect-foresight solution, returning to a given steady-state, in an otherwise linear model with occasionally binding constraints. We derive further conditions on the existence of a solution in such models,...
Persistent link: https://www.econbiz.de/10011427963
solving nonlinear DSGE models. Perturbation of the nonlinear moving average policy function provides a direct mapping from a …. -- Perturbation ; nonlinear impulse response ; DSGE ; solution methods …
Persistent link: https://www.econbiz.de/10009388776