We present an algorithm and software routines for computing nth-order approximate solutions to dynamic, discrete-time rational expectations models around a nonstochastic steady state. We apply these routines to investigate the optimal monetary policy with commitment in an optimizing-agent model...

This paper describes an extension of the stack algorithm of Julliard, which makes it possible to (a) use any linear terminal condition, and (b) compute fixed points with the algorithm. Numerical results are presented for solving three different macroeconomic models including the Canada Model....

Anderson's papers describe a method for solving linear saddle point models. The numerical implementation of the algorithm has proved useful in a wide array of applications including analyzing linear perfect foresight models, and providing initial solutions and asymptotic constraints for...

In the United States child adoption costs vary considerably, ranging from no out-of-pocket expense to $50,000 or more. What are the causes for the variability in adoption expenses? We administered a survey to a sample of Michigan adoptive families to link adoptive parent characteristics, child...

When contracting is costly, members of a production team will seek assurance that the transaction-pecific investments they make will be protected. The institutional framework created by a firm in such a setting can be considered a constitution. Under some circumstances, firms will create...