Money demand is probably one of the most extensively studied economic relationship in applied economics. While useful surveys of existing literature are available, much of the attention has focused on the US. However, a considerable number of papers have recently been produced dealing with the...

This paper compares three approximation methods for solving and simulating real business cycle models: linear quadratic (including log- linear quadratic) methods, the method of parameterized expectations, and the genetic algorithm. Linear quadratic (LQ), log-linear quadratic (log- LQ) and...