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

Robert Kollmann; Jinill Kim; Sunghyun H. Kim

doi:10.1016/j.jedc.2010.09.012

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

Robert Kollmann^*
, Jinill Kim
, Sunghyun H. Kim

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

11 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 language	English
Pages (from-to)	203-206
Number of pages	4
Journal	Journal of Economic Dynamics and Control
Volume	35
Issue number	2
DOIs	https://doi.org/10.1016/j.jedc.2010.09.012
Publication status	Published - 2011 Feb

Bibliographical note

Copyright:
Copyright 2010 Elsevier B.V., All rights reserved.

Keywords

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

ASJC Scopus subject areas

Economics and Econometrics
Control and Optimization
Applied Mathematics

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10.1016/j.jedc.2010.09.012

Cite this

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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.",

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AB - 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.

KW - First- and second-order perturbation method

KW - Real Business Cycle model

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

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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