Solving the multi-country real business cycle model using a perturbation method

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

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Abstract: This paper solves the multi-country RBC model described in den Haan, Judd and Juillard (2010) and Juillard and Villemot (2010), 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: C6; First- and second-order perturbation method; Real business cycle model (search for similar items in EconPapers)
Date: 2010-12-17
Note: View the original document on HAL open archive server: https://hal.science/hal-00765826
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Citations: View citations in EconPapers (4)

Published in Journal of Economic Dynamics and Control, 2010, 35 (2), pp.203. ⟨10.1016/j.jedc.2010.09.012⟩

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Journal Article: Solving the multi-country Real Business Cycle model using a perturbation method (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00765826

DOI: 10.1016/j.jedc.2010.09.012

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