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

B-Tier
Journal: Journal of Economic Dynamics and Control
Year: 2011
Volume: 35
Issue: 2
Pages: 203-206

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:dyncon:v:35:y:2011:i:2:p:203-206
Journal Field
Macro
Author Count
3
Added to Database
2026-01-25