Similar Search Results

An efficient application of the extended path algorithm in Matlab with examples

Binning, Andrew - 2022

times. The extended path algorithm is a commonly used and fairly general method for solving dynamic nonlinear models with … rational expectations. This algorithm can be used for a wide range of cases, including for models with occasionally binding … computational improvements to the algorithm that speed up the calculations via vectorisations of the Jacobian matrix and residual …

Persistent link: https://www.econbiz.de/10013365558

Fiat Money Oligopolistic Economy With Labor/Leisure Trade-Off and Equilibrium Default

Levando, Dmitry - 2019

We are constructing an imperfect competition general equilibrium model, with non-consumable money and labor market; our toolkit is an equilibrium default model of Shubik-Wilson (1978). Our result has an ‘equilibrium volatility' simultaneously occurring at all three markets: labor, goods, and...

Persistent link: https://www.econbiz.de/10012895423

The New Keynesian approach to dynamic general equilibrium modeling : models, methods, and macroeconomic policy evaluation

Schmidt, Sebastian; Wieland, Volker - 2012

This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...

Persistent link: https://www.econbiz.de/10010391304

Taylor Projection : A New Solution Method for Dynamic General Equilibrium Models

Levintal, Oren - 2018

-type algorithm, but is significantly faster than standard projection, since the problem is highly sparse and can be easily solved by …

Persistent link: https://www.econbiz.de/10012936510

Chapter 22. The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation

Schmidt, Sebastian; Wieland, Volker - In: Handbook of computable general equilibrium modeling : …, (pp. 1439-1512). 2013

Persistent link: https://www.econbiz.de/10014025269

A General Equilibrium Approach to the Analysis of Monetary and Fiscal Policies

Feltenstein, Andrew - 2006

We construct a general equilibrium model of an open economy and develop a computational technique for deriving a market-clearing solution to the model. The model allows for disaggregated commodities, taxes, and tariffs. It includes a government that is an active participant in the economy as a...

Persistent link: https://www.econbiz.de/10012779118