Computation of Business-Cycle Models with the Generalized Schur Method

Burkhard Heer and Alfred Maussner ()

No 2873, CESifo Working Paper Series from CESifo

Abstract: We describe an algorithm that is able to compute the solution of a singular linear difference system under rational expectations. The algorithm uses the Generalized Schur Factorization and is illustrated by a simple example.

Keywords: stochastic dynamic general equilibrium; linear solution methods; algorithm; Generalized Schur factorization; business cycles (search for similar items in EconPapers)
JEL-codes: C68 E32 (search for similar items in EconPapers)
Date: 2009
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Journal Article: Computation of business‐cycle models with the Generalized Schur method (2009)
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