Abstract
This chapter presents examples of the perturbation solutions of the canonical dynamic stochastic general equilibrium (DSGE) model introduced in Chap. 2. Heer and Maußner provide formulas for computing the matrices of the first-, second-, and third-order approximations of the policy functions, respectively, and document their use in the computer code. At the book’s accompanying website, readers can download toolboxes written in both GAUSS and MATLAB® that implement the perturbation solution. Descriptions of these toolboxes and their uses are provided at the end of the chapter.
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© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG
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Heer, B., Maußner, A. (2024). Perturbation Methods: Solutions. In: Dynamic General Equilibrium Modeling. Springer Texts in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-031-51681-8_3
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DOI: https://doi.org/10.1007/978-3-031-51681-8_3
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Publisher Name: Springer, Cham
Print ISBN: 978-3-031-51680-1
Online ISBN: 978-3-031-51681-8
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