Blar i Arbeidsnotater / Working Papers på forfatter "Canova, Fabio"
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Symbolic Stationarization of Dynamic Equilibrium Models
Canova, Fabio; Paulsen, Kenneth Sæterhagen (Working paper;18/2021, Working paper, 2021)Dynamic equilibrium models are specified to track time series with unit root-like behavior. Thus, unit roots are typically introduced and the optimality conditions adjusted. This step requires tedious algebra and often ...