Perturbation Methods: Framework and Tools
Burkhard Heer and
Alfred Maußner ()
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Alfred Maußner: University of Augsburg
Chapter Chapter 2 in Dynamic General Equilibrium Modeling, 2024, pp 79-117 from Springer
Abstract:
Abstract Perturbation methods are the tool most frequently employed to solve dynamic general equilibrium models. Their popularity is due to the fact that they are easy to apply. Toolkit programmers can keep all the algorithm details hidden away from users. Due to their widespread use, Heer and Maußner examine perturbation methods in detail, over three chapters. The present chapter introduces readers to the perturbation approach and related issues, develops a general framework, and reviews the required tools.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-51681-8_2
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DOI: 10.1007/978-3-031-51681-8_2
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