Arbeitspapier
Gains from second-order approximations
The benefit from using second-order approximations tostochastic dynamic rational expec- tations models is explained. By example of the neoclassical growth model, this note as- sesses the accuracy of the obtained approximation. The implications for optimal policy are discussed.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bonn Econ Discussion Papers ; No. 25/2003
- Klassifikation
-
Wirtschaft
Computational Techniques; Simulation Modeling
- Thema
-
Second-order approximation
accuracy
optimal policy
Dynamisches Gleichgewicht
Allgemeines Gleichgewicht
Dynamisches Modell
Rationale Erwartung
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Paustian, Matthias
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Bonn, Bonn Graduate School of Economics (BGSE)
- (wo)
-
Bonn
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Paustian, Matthias
- University of Bonn, Bonn Graduate School of Economics (BGSE)
Entstanden
- 2003
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