Production Technologies in Stochastic Continuous Time Models

Klaus Wälde ()

No CESifo Working Paper No. 2831, CESifo Working Paper Series from CESifo Group Munich

Abstract: Properties of dynamic stochastic general equilibrium models can be revealed by either using numerical solutions or qualitative analysis. Very precise and intuition-building results are obtained by working with models which provide closed-form solutions. Closed-form solutions are known for a large class of models some of which, however, have some undesirable features. This paper offers closed-form solutions for models which are just as tractable but do not suffer from these shortcomings.

Keywords: dynamic stochastic general equilibrium models; closed-form solution; continuous time; jump diffusion (search for similar items in EconPapers)
JEL-codes: E20 O40 (search for similar items in EconPapers)
Date: 2009
View list of references

Downloads: (external link)
http://www.cesifo.de/DocCIDL/cesifo1_wp2831.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ces:ceswps:_2831

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Group Munich
Address: Poschingerstrasse 5, 81679 Munich
Series data maintained by Julio Saavedra ().