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Solving the multi-country Real Business Cycle model using a perturbation method

par Kollmann, Robert ;Kim, Jinill;Kim, SunghyunHenry S.H.
Référence Journal of economic dynamics & control, 35, 2, page (203-206)
Publication Publié, 2011-02

Article révisé par les pairs

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Résumé :

This paper solves the multi-country RBC model described in den Haan et al. (this issue) and Juillard and Villemot (this issue), 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. © 2010 Elsevier B.V.