Perturbation methods for Markov-switching dynamic stochastic general equilibrium models

DOI10.3982/QE596zbMath1395.91305OpenAlexW2498799476MaRDI QIDQ4586271

Andrew T. Foerster, Daniel F. Waggoner, Tao Zha, Juan Francisco Rubio-Ramıŕez

Publication date: 12 September 2018

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

Full work available at URL: https://doi.org/10.3982/qe596

zbMATH Keywords

Gröbner basesnonlinearityTaylor seriestime-varying coefficientspartition principlehigh-order expansionquadratic polynomial systemnaive perturbation

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Dynamic stochastic general equilibrium theory (91B51)

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