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This paper presents the new dynamic spatial general equilibrium (DSGE) model – RHOMOLO, which is built to support the …
Persistent link: https://www.econbiz.de/10011496131
This paper presents the new dynamic spatial general equilibrium (DSGE) model – RHOMOLO, which is built to support the …
Persistent link: https://www.econbiz.de/10011524125
The present paper makes a contribution to fill in a gap left open by dynamic theory and evolutionary economics as well. While the "closed loop" dynamic theory has explanation power in analyzing evolving economic systems at the price of neglecting the possible occurrence of non anticipated...
Persistent link: https://www.econbiz.de/10010305437
The present paper makes a contribution to fill in a gap left open by dynamic theory and evolutionary economics as well. While the "closed loop" dynamic theory has explanation power in analyzing evolving economic systems at the price of neglecting the possible occurrence of non anticipated...
Persistent link: https://www.econbiz.de/10010506636
discrete time DSGE models. We derive the perturbation using a matrix calculus that preserves linear algebraic structures to …
Persistent link: https://www.econbiz.de/10010281586
solving nonlinear DSGE models. Perturbation of the nonlinear moving average policy function provides a direct mapping from a …
Persistent link: https://www.econbiz.de/10010286434
linear dynamic stochastic general equilibrium (DSGE) models when there is insufficient eigenvalue separation about the unit …
Persistent link: https://www.econbiz.de/10012488263
quadratic that underlies the recursive solution of linear DSGE models. The methods are compared using nearly 100 different … solving DSGE models, providing higher accuracy as measured by the forward error of the solution at a comparable computation …
Persistent link: https://www.econbiz.de/10013375524
This paper presents and compares Bernoulli iterative approaches for solving linear DSGE models. The methods are … methods compare favorably in solving DSGE models to the QZ, providing similar accuracy as measured by the forward error of the …
Persistent link: https://www.econbiz.de/10014282693
stability of the solutions of linear dynamic stochastic general equilibrium (DSGE) models. Comparing seven different solution … inaccuracies. The analysis is then performed for a database of roughly 100 DSGE models from the literature and a large set of draws …
Persistent link: https://www.econbiz.de/10014431708