Arbeitspapier

Solving dynamic general equilibrium models using a second-order approximation to the policy function

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This paper derives a second-order approximation to the solution of rational expectations, dynamic, general equilibrium models. To illustrate its applicability, the method is used to solve the dynamics of a simple neoclassical model. The paper closes with a brief description of a set of MATLAB programs designed to implement the method.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 2001-06

Klassifikation
Wirtschaft
Computational Techniques; Simulation Modeling
Thema
Perturbation Method
Second Order Approximation
Solving Dynamic General Equilibrium Models
Allgemeines Gleichgewicht
Dynamisches Modell
Rationale Erwartung
Theorie

Ereignis
Geistige Schöpfung
(wer)
Schmitt-Grohé, Stephanie
Uribe, Martín
Ereignis
Veröffentlichung
(wer)
Rutgers University, Department of Economics
(wo)
New Brunswick, NJ
(wann)
2001

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Schmitt-Grohé, Stephanie
  • Uribe, Martín
  • Rutgers University, Department of Economics

Entstanden

  • 2001

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