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TAYLOR PROJECTION: A NEW SOLUTION METHOD FOR DYNAMIC GENERAL EQUILIBRIUM MODELS.

Abstract: This article presents a new solution method for dynamic equilibrium models. The solution is approximated by polynomials that zero the residual function and its derivatives at a given point x. The algorithm is essentially a type of projection but is significantly faster, since the problem i...

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Publicado en:International Economic Review Vol. 59; no. 3; pp. 1345 - 1374
Autor principal: Levintal, Oren
Formato: Artículo
Publicado: Wiley-Blackwell Aug2018
Materias:
Economic equilibrium
Mathematical models
Polynomials
Derivatives (Mathematics)
Algorithms
Newton-Raphson method
State-space methods
Acceso en línea:Ver este registro en EBSCOhost