Annicchiarico, Barbara; Corrado, Luisa; Pelloni, Alessandra - Centre for Dynamic Macroeconomic Analysis, University … - 2008
63.
Keywords: Growth; Volatility; Monetary and Real Shocks; Labour Supply
Elasticity; Second-Order Approximation Methods …
realizations of the shocks - through the rate of investment, as can be seen from (19).
Calculating a second-order approximation of … based on accurate
second-order approximation to the policy functions representing the optimum paths
15
for the control and …