Benschopa, Thijs; Cabrera, Brenda López - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2014
I compare the performance of solution methods in solving a standard real business cycle model with labor market search frictions. Under the conventional calibration, the model is solved by the projection method using the Chebyshev polynomials as its basis, and the perturbation methods up to...