Meijdam, Lex; Verhoeven, Marijn - In: Computational Economics 12 (1998) 2, pp. 115-24
This paper analyzes the technique of comparative dynamics (Judd, 1982) for the computation of the impact of perturbations on a steady state in a perfect-foresight model. The accuracy of this technique is demonstrated by numerical simulation experiments. Moreover, the technique is generalized to...