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
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)
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Working Paper: Solving the multi-country real business cycle model using a perturbation method (2010)
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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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