Solving dynamic equilibrium models by a method of undetermined coefficients

DOI10.1023/A:1020534927853MaRDI QIDQ1863712zbMATH OpenOpenAlexFDO

Authors Lawrence J. Christiano

Publication date 12 March 2003

Published in Computational Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1023/a:1020534927853

zbMATH Keywords

Euler equationfrequency domainlinearizationmatrix polynomialimpulse responsereal business cycle modelsecond momentsrational expectation modelsexpectational difference equations

Mathematics Subject Classification ID

Fundamental topics (basic mathematics, methodology; applicable to economics in general) (91B02) Linearizations (93B18) Discrete-time control/observation systems (93C55)

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Cited in

(25)

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• Sticky wages and sectoral labor comovement
• Modifying the shooting model for solving equilibrium problems
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• Solving and estimating indeterminate DSGE models
• Second-order approximation of dynamic models without the use of tensors
• Is Schumpeterian `creative destruction' a plausible source of endogenous real business cycle shocks?
• A monetary business cycle model with unemployment
• Analyzing linear DSGE models: the method of undetermined Markov states
• Computing second-order-accurate solutions for rational expectation models using linear solution methods
• Linear rational-expectations models with lagged expectations: a synthetic method
• A method for solving general equilibrium models with incomplete markets and many financial assets
• Fiscal shocks and their consequences.
• Shocks, structures or monetary policies? The euro area and US after 2001
• Inside money, credit, and investment
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Under the same (Chole)sky: DNK models, timing restrictions and recursive identification of monetary policy shocks
• Solving and simulating unbalanced growth models using linearization about the current state
• An eigenvalue method of undetermined coefficients for solving linear rational expectations models
• OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS
• Stock prices and monetary policy shocks: a general equilibrium approach
• Pollution and labor market search externalities over the business cycle
• Coefficient values and the dynamic properties of econometric models
• Solving for optimal simple rules in rational expectations models

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