Solving the multi-country real business cycle model using a perturbation method

DOI10.1016/j.jedc.2010.09.012zbMath1231.91364OpenAlexW2051239913MaRDI QIDQ622253

Robert Kollmann, Jinill Kim, Sunghyun Henry Kim

Publication date: 31 January 2011

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2010.09.012

zbMATH Keywords

first- and second-order perturbation methodreal business cycle model

Mathematics Subject Classification ID

Computational methods for problems pertaining to game theory, economics, and finance (91-08) Dynamic stochastic general equilibrium theory (91B51) Heterogeneous agent models (91B69)

Related Items (6)

Envelope condition method with an application to default risk models ⋮ Computational suite of models with heterogeneous agents II: multi-country real business cycle models ⋮ Comparison of solutions to the multi-country real business cycle model ⋮ Solving the multi-country real business cycle model using ergodic set methods ⋮ Solving the multi-country real business cycle model using a Smolyak-collocation method ⋮ Solvability of perturbation solutions in DSGE models

Uses Software

• CompEcon
• Dynare
• Gensys

Cites Work

• Computational suite of models with heterogeneous agents II: multi-country real business cycle models
• Multi-country real business cycle models: accuracy tests and test bench
• Comparison of solutions to the multi-country real business cycle model
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Computing second-order-accurate solutions for rational expectation models using linear solution methods
• Solving the incomplete market model with aggregate uncertainty using a perturbation method
• Functional equivalence between intertemporal and multisectoral investment adjustment costs
• Solving linear rational expectations models
• Calculating and using second-order accurate solutions of discrete time dynamic equilibrium models
• WELFARE-MAXIMIZING OPERATIONAL MONETARY AND TAX POLICY RULES
• Unnamed Item
• Unnamed Item

This page was built for publication: Solving the multi-country real business cycle model using a perturbation method