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dc.contributor.authorPaustian, Matthiasen_US
dc.date.accessioned2009-01-29T15:10:35Z-
dc.date.available2009-01-29T15:10:35Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/22873-
dc.description.abstractThe 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesBonn econ discussion papers 2003,25en_US
dc.subject.jelC63en_US
dc.subject.jelE0en_US
dc.subject.ddc330en_US
dc.subject.keywordSecond-order approximationen_US
dc.subject.keywordaccuracyen_US
dc.subject.keywordoptimal policyen_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwDynamisches Modellen_US
dc.subject.stwRationale Erwartungen_US
dc.subject.stwTheorieen_US
dc.titleGains from second-order approximationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn384648274en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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