Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients
观点 · 2010-03-14 00:00
返回Abstract: I present an undetermined coefficients method for obtaining a linear approximating to the solution of a class of dynamic, rational expectations models. I also show how that solution can be used ...
Abstract: I present an undetermined coefficients method for obtaining a linear approximating to the solution of a class of dynamic, rational expectations models. I also show how that solution can be used to compute a model's implications for impulse response functions and for second moments.
Key words: Expectational difference equations, Euler equation, matrix polynomial, real business cycle model, time-to-build, frequency domain
Author: Lawrence J. Christiano
