This paper investigates the accuracy of a perturbation method in approximating the solution to stochastic equilibrium models under rational expectations. As a benchmark model, we use a version of asset pricing models proposed by Burnside [1988] which admits a closed-form solution while not...

The paper surveys the main findings of research about the specificity of the Japanese "régulation" mode and growth pattern, with a special emphasis upon the wage labor nexus, compares the recession which began in 1991 with the previous ones and finally analyses the institutional transformations...

Dynare is a software platform for handling a wide class of economic models, in particular dynamic stochastic general equilibrium (DSGE) and overlapping generations (OLG) models. The models solved by Dynare include those relying on the rational expectations hypothesis, wherein agents form their...