Arbeitspapier
Production technologies in stochastic continuous time models
Properties of dynamic stochastic general equilibrium models can be revealed by either using numerical solutions or qualitative analysis. Very precise and intuition-building results are obtained by working with models which provide closed-form solutions. Closed-form solutions are known for a large class of models some of which, however, have some undesirable features. This paper offers closed-form solutions for models which are just as tractable but do not suffer from these shortcomings.
- Language
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Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 2831
- Classification
-
Wirtschaft
Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
Economic Growth and Aggregate Productivity: General
- Subject
-
dynamic stochastic general equilibrium models
closed-form solution
continuous time
jump diffusion
Dynamisches Gleichgewicht
Stochastischer Prozess
Analysis
Produktionsfunktion
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Wälde, Klaus
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Wälde, Klaus
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2009
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