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

Robert Kollmann, Jinill Kim, Sunghyun H. Kim

Research output: Contribution to journalArticle

10 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)203-206
Number of pages4
JournalJournal of Economic Dynamics and Control
Volume35
Issue number2
DOIs
Publication statusPublished - 2011 Feb 1

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Real Business Cycles
Perturbation Method
Industry
Red Blood Cells
Model
First-order
Perturbation method
Real business cycle models

Keywords

  • First- and second-order perturbation method
  • Real Business Cycle model

ASJC Scopus subject areas

  • Economics and Econometrics
  • Control and Optimization
  • Applied Mathematics

Cite this

Solving the multi-country Real Business Cycle model using a perturbation method. / Kollmann, Robert; Kim, Jinill; Kim, Sunghyun H.

In: Journal of Economic Dynamics and Control, Vol. 35, No. 2, 01.02.2011, p. 203-206.

Research output: Contribution to journalArticle

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