Perturbation solution and welfare costs of business cycles in DSGE models

DOI10.1016/j.jedc.2019.103819OpenAlexW2997243846WikidataQ126461868 ScholiaQ126461868MaRDI QIDQ2181520

Christopher Heiberger, Alfred Maussner

Publication date: 19 May 2020

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2019.103819

zbMATH Keywords

business cyclesrisk aversionwelfare costssecond order solutionmean effect

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Related Items (3)

Are all economic fluctuations bad for consumers? ⋮ Moderating noise-driven macroeconomic fluctuations under dispersed information ⋮ Variable effort, business cycles, and economic welfare

Cites Work

• Unnamed Item
• Unnamed Item
• International business cycles with complete markets
• Second-order approximation of dynamic models without the use of tensors
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Comparing solution methods for dynamic equilibrium economies
• Projection methods for solving aggregate growth models
• Solving the stochastic growth model with a finite element method
• Asymptotic methods for aggregate growth models
• Algorithms for solving dynamic models with occasionally binding constraints
• Doubts or variability?
• COMPUTATION OF BUSINESS CYCLE MODELS: A COMPARISON OF NUMERICAL METHODS
• The Welfare Cost of Nominal Wage Contracting

This page was built for publication: Perturbation solution and welfare costs of business cycles in DSGE models