COMPUTATION OF BUSINESS CYCLE MODELS: A COMPARISON OF NUMERICAL METHODS

DOI10.1017/S1365100508070363zbMath1153.91676MaRDI QIDQ3601588

Burkhard Heer, Alfred Maussner

Publication date: 11 February 2009

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

perturbation methodsprojection methodsgenetic searchvalue function iterationlog-linearizationparameterized expectationsextended path

Mathematics Subject Classification ID

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

Related Items (6)

Approximate dynamic programming with post-decision states as a solution method for dynamic economic models ⋮ Perturbation solution and welfare costs of business cycles in DSGE models ⋮ Comparison of solutions to the multi-country real business cycle model ⋮ Semi-global solutions to DSGE models: perturbation around a deterministic path ⋮ On the uniqueness of solutions to rational expectations models ⋮ A class of changing elasticity of substitution production functions

Cites Work

• Unnamed Item
• 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
• Algorithms for solving dynamic models with occasionally binding constraints
• System reduction and solution algorithms for singular linear difference systems under rational expectations
• A solution method for consumption decisions in a dynamic stochastic general equilibrium model
• Dynamic General Equilibrium Modelling
• The Solution of Linear Difference Models under Rational Expectations
• Accuracy in Simulations
• Approximating and simulating the stochastic growth model: Parameterized expectations, neural networks, and the genetic algorithm

This page was built for publication: COMPUTATION OF BUSINESS CYCLE MODELS: A COMPARISON OF NUMERICAL METHODS