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https://hdl.handle.net/10419/18846
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Heer, Burkhard | en |
dc.contributor.author | Maußner, Alfred | en |
dc.date.accessioned | 2009-01-28T15:53:17Z | - |
dc.date.available | 2009-01-28T15:53:17Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18846 | - |
dc.description.abstract | We compare the numerical methods that are most widely applied in the computation of thestandard business cycle model with flexible labor. The numerical techniques implyeconomically insignificant differences with regard to business cycle summary statistics exceptfor the volatility of investment. Furthermore, these results are robust with regard to the choiceof the functional form of the utility function and the model's parameterization. In conclusion,the simplest and fastest method, the log-linearization of the model around the steady state, isfound to be most convenient and appropriate for the standard business cycle model. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1207 | en |
dc.subject.jel | E32 | en |
dc.subject.jel | C68 | en |
dc.subject.jel | C63 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | log-linearization | en |
dc.subject.keyword | projection methods | en |
dc.subject.keyword | extended path | en |
dc.subject.keyword | value function iteration | en |
dc.subject.keyword | parameterized expectations | en |
dc.subject.keyword | genetic search | en |
dc.subject.stw | Konjunkturtheorie | en |
dc.subject.stw | Arbeitsmarktflexibilisierung | en |
dc.subject.stw | Numerisches Verfahren | en |
dc.subject.stw | Vergleich | en |
dc.subject.stw | Theorie | en |
dc.title | Computation of business cycle models : a comparison of numerical methods | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 856635022 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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