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Erscheinungsjahr: 
2000
Schriftenreihe/Nr.: 
CESifo Working Paper No. 266
Verlag: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Zusammenfassung: 
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.
Schlagwörter: 
Representative agent models
shooting methods
MATLAB
Dokumentart: 
Working Paper
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