Solving the multi-country Real Business Cycle model using a perturbation method
نویسندگان
چکیده
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 firstand 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. All rights reserved.
منابع مشابه
Test of Real Business Cycle Theory in Iran's economy
This paper tests the importance of real shocks as sources of fluctuations in iran’s economy. For this purpose, based on the work of Boschen and Mills, a set of non-monetary variables which can affect economic growth have been selected and by using an illustrative business cycle model in which the production depends on the past and current value of real shocks, the influence 01’ these variables ...
متن کاملSolving a new mathematical fuzzy multi-objective for supply chain of based on fuzzy necessity measure.
The Supply Chain is considered a necessity for the success of organizations seeking the most economic, environmental and social impacts. In addition, the implementation and suitable execution of this supply chain seems to be necessary. Considering the importance of the social impacts of this supply chain, a fuzzy multi-objective mathematical model is provided such that, in addition to consideri...
متن کاملA Comparative Analysis on Sony’s Approach to Problem Solving and Decision-Making
Decision making and problem solving are especially important skills for business and life. As an innovation leading corporate, Sony has gradually lost their superiority in innovation and core competences under more and more intensive competition environment. This report is made to investigate Sony current procedure on its solving problems and making decision, analyze approaches and tools used b...
متن کاملThe Role of Financial Policies on the Selection of Commovment among Macroeconomic Variables in Business cycles Deviations under Commitment Conditions
The economic fluctuations and the changing business circles of a country play an important role in the economic performance and fate of any country, which is very important and important when considering the economic situation at a time of boom or recession under accrual conditions. In this paper, In the framework of the Ramsey model, the basis of microeconomics is extracted using neoclassical ...
متن کاملMulti-period network Data Envelopment Analysis to measure the efficiency of a real business
Measuring the efficiency of real businesses is not a simple task, because a real business may involve several processes and sub-processes, forming a very complicated dynamic network of interactions. In this paper, a customized dynamic network data envelopment analysis (NDEA) model is proposed to measure the efficiency of the sub-processes in a real business. The proposed dynamic NDEA model is f...
متن کامل