Solving and simulating unbalanced growth models using linearization about the current state

DOI10.1016/j.econlet.2016.11.035zbMath1396.91419OpenAlexW2560406698MaRDI QIDQ1672790

Kerk L. Phillips

Publication date: 11 September 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2016.11.035

zbMATH Keywords

numerical simulationcomputational techniquesdynamic stochastic general equilibriumsimulation modelingunbalanced growthlinearization methods

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51)

Uses Software

• Dynare

Cites Work

• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Projection methods for solving aggregate growth models
• Solving dynamic equilibrium models by a method of undetermined coefficients
• The Solution of Linear Difference Models under Rational Expectations
• Asymptotic methods for asset market equilibrium analysis
• A higher-order Taylor approach to simulation of stochastic forward-looking models with an application to a nonlinear Phillips curve model

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