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Persistent link: https://www.econbiz.de/10005345712
This Paper describes a simple method for the calculation of second-order solutions to dynamic general equilibrium models. The method relies on standard linear solution procedures and does not require any new numerical algorithm. As an illustration, the method is used to derive a full...
Persistent link: https://www.econbiz.de/10005114239
This paper describes a simple method for the calculation of second-order solutions to dynamic general equilibrium models. The method relies on standard linear solution procedures and does not require any new numerical algorithm. As an illustration, the method is used to derive a full...
Persistent link: https://www.econbiz.de/10005673177