Higher Order Approximations of Indeterminacy

Mark Weder

No 2007-03, School of Economics and Public Policy Working Papers from University of Adelaide, School of Economics and Public Policy

Abstract: This paper lays out an algorithm that computes accurate second order solutions for dynamic stochastic general equilibrium models that are subject to indeterminacy of rational expectations.

Keywords: sunspot equilibria; second order approximation methods (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:adl:wpaper:2007-03

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