| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5099595 | Journal of Economic Dynamics and Control | 2011 | 7 Pages |
Abstract
Properties of dynamic stochastic general equilibrium models can be revealed by either using numerical solutions or qualitative analysis. Very precise and intuition-building results are obtained by working with models which provide closed-form solutions. Closed-form solutions are known for a large class of models some of which, however, have some undesirable features such as potentially negative output. This paper offers closed-form solutions for models which are just as tractable but do not suffer from these shortcomings.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Klaus Wälde,