The purpose of this paper is to report on a comparison of several alternative numerical solution techniques for nonlinear rational expectations models. The comparison was made by asking individual researchers to apply their different solution techniques to a simple representative agent, optimal,...

The purpose of this paper is to report on a comparison of several alternative numerical solution techniques for nonlinear rational expectations models. The comparison was made by asking individual researchers to apply their different solution techniques to a simple representative agent, optimal,...

The purpose of this paper is to report on a comparison of several alternative numerical solution techniques for nonlinear rational expectations models. The comparison was made by asking individual researchers to apply their different solution techniques to a simple representative agent, optimal,...

2 Methods for Identifying Shocks and Estimating Impulse Responses3 Monetary Policy Shocks; 4 Fiscal Shocks; 5 Technology Shocks; 6 Additional Shocks; 7 Summary and Conclusions; Acknowledgments; Chapter 3: Macroeconomic Regimes and Regime Shifts; Abstract; 1 Introduction: Economic Recessions as...