Blar i Arbeidsnotater / Working Papers på emneord "third-order approximation"
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Solving Second and Third-Order Approximations to DSGE Models: A Recursive Sylvester Equation Solution
(Working Papers;18/2013, Working paper, 2013)In this paper I derive the matrix chain rules for solving a second and a third-order approximation to a DSGE model that allow the use of a recursive Sylvester equation solution method. In particular I use the solution ... -
Third-Order Approximation of Dynamic Models Without the Use of Tensors
(Working Papers;13/2013, Working paper, 2013)I outline a new method for finding third-order accurate solutions to dynamic general equilibrium models. I extend the Gomme & Klein (2011) solution for second-order approximations without using tensors, to a third-order. ...