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Persistent link: https://www.econbiz.de/10011341981
We present a new approach to the approximation of equilibrium solutions to nonlinear rational expectations models that applies to any order of approximation. The approach relies on a particular version of Taylor series approximations - the differential version - and on a scalar perturbation of...
Persistent link: https://www.econbiz.de/10010904232
We present a new approach to the approximation of equilibrium solutions to nonlinear rational expectations models that applies to any order of approximation. The approach relies on a particular version of Taylor series approximations-the differential version-and on a scalar perturbation of the...
Persistent link: https://www.econbiz.de/10011094567