Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75587 
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper No. 266
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper considers alternative approaches to solving the time-path of a representative agent model following an exogenous shock. The model has a number of important dynamic properties that are both common to a wide range of economic models and have important computational implications for solving the model. The paper compares the alternative approaches on a computational basis and shows that the best approach to solving the model is obtained by fully exploiting the model structure in a modified reverse shooting algorithm.
Subjects: 
Representative agent models
shooting methods
MATLAB
Document Type: 
Working Paper
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