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Solving the multi-country Real Business Cycle model using a perturbation method

Robert Kollmann (), Jinill Kim () and Sunghyun Kim ()

Journal of Economic Dynamics and Control, 2011, vol. 35, issue 2, 203-206

Abstract: This paper solves the multi-country RBC model described in den Haan et al. (this issue) and Juillard and Villemot (this issue), using a perturbation method. We explain how to apply first- and second-order versions of the gensys2.m algorithm to this model. The perturbation method is computationally cheap and can easily be applied to large models with possibly hundreds of state variables.

Keywords: First-; and; second-order; perturbation; method; Real; Business; Cycle; model (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:35:y:2011:i:2:p:203-206

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Journal of Economic Dynamics and Control is currently edited by J. Bullard, C. Chiarella, H. Dawid, C. H. Hommes, P. Klein and C. Otrok

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