Walras' Law in the steady state of DSGE models

Celso Costa Junior

MPRA Paper from University Library of Munich, Germany

Abstract: The determination of the steady state of DSGE models remains the obscure stage of the resolution methods of this modeling. Researchers seek to solve a nonlinear system rather than understand the theory behind these models. In order to fill this gap and help in learning this methodology, this paper develops a procedure for finding the steady- state by using concepts that rest on Walras' Law.

Keywords: C60; E13; E30 (search for similar items in EconPapers)
JEL-codes: E13 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-dge and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76182

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