On some computational aspects of equilibrium business cycle theory

Jean Pierre Danthine, John B. Donaldson, Rajnish Mehra

Research output: Contribution to journalArticle

18 Scopus citations

Abstract

This paper evaluates the accuracy of quadratic approximate methods in the context of a simple real business cycle model. The level of accuracy is found to be very high. On the face of the results reported here we are confident that the different computation methods proposed to date in this literature can be employed interchangeably.

Original languageEnglish (US)
Pages (from-to)449-470
Number of pages22
JournalJournal of Economic Dynamics and Control
Volume13
Issue number3
DOIs
StatePublished - Jul 1989
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics
  • Control and Optimization
  • Applied Mathematics

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