Please use this identifier to cite or link to this item:
Herbert, Ric D.
Stemp, Peter
Year of Publication: 
Series/Report no.: 
CESifo Working Paper No. 266
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.
Representative agent models
shooting methods
Document Type: 
Working Paper

Files in This Item:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.