COMPUTATION OF BUSINESS CYCLE MODELS: A COMPARISON OF NUMERICAL METHODS

DOI10.1017/S1365100508070363MaRDI QIDQ3601588zbMATH OpenFDO

Authors Burkhard Heer, Alfred Maußner

Publication date 11 February 2009

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/S1365100508070363

zbMATH Keywords

perturbation methodsprojection methodsvalue function iterationgenetic searchlog-linearizationparameterized expectationsextended path

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 1131224 (Why is no real title available?)
• A solution method for consumption decisions in a dynamic stochastic general equilibrium model
• Accuracy in Simulations
• Algorithms for solving dynamic models with occasionally binding constraints
• Approximating and simulating the stochastic growth model: Parameterized expectations, neural networks, and the genetic algorithm
• Comparing solution methods for dynamic equilibrium economies
• Dynamic General Equilibrium Modelling
• Projection methods for solving aggregate growth models
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• System reduction and solution algorithms for singular linear difference systems under rational expectations
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(8)

• A class of changing elasticity of substitution production functions
• Perturbation solution and welfare costs of business cycles in DSGE models
• Approximate dynamic programming with post-decision states as a solution method for dynamic economic models
• Semi-global solutions to DSGE models: perturbation around a deterministic path
• Comparison of solutions to the multi-country real business cycle model
• Solving the Diamond-Mortensen-Pissarides model: a hybrid perturbation approach
• On the uniqueness of solutions to rational expectations models
• Testing between Competing Models of Real Business Cycles

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