@techreport{Paustian2003Gains,
abstract = {The benefit from using second-order approximations to stochastic dynamic rational expectations
models is explained. By example of the neoclassical growth model, this note assesses
the accuracy of the obtained approximation. The implications for optimal policy are
discussed.},
author = {Matthias Paustian},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C63; E0; 330; Second-order approximation; accuracy; optimal policy; Dynamisches Gleichgewicht; Allgemeines Gleichgewicht; Dynamisches Modell; Rationale Erwartung; Theorie},
language = {eng},
number = {2003,25},
title = {Gains from second-order approximations},
type = {Bonn econ discussion papers},
url = {http://hdl.handle.net/10419/22873},
year = {2003}
}
