Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients

Christiano, Lawrence J.

Abstract

Citations (33)

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Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients

Lawrence J. Christiano

Northwestern University; Federal Reserve Bank of Cleveland; Federal Reserve Bank of Chicago; Federal Reserve Bank of Minneapolis; National Bureau of Economic Research (NBER)

February 1998

NBER Working Paper No. t0225

Abstract:
I present an undetermined coefficients method for obtaining a linear approximating to the solution of a dynamic, rational expectations model. I also show how that solution can be used to compute the model's implications for impulse response functions and for second moments.

Number of Pages in PDF File: 42

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Date posted: July 10, 2000

Suggested Citation

Christiano, Lawrence J., Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients (February 1998). NBER Working Paper No. t0225. Available at SSRN: http://ssrn.com/abstract=226635

Contact Information

Lawrence J. Christiano (Contact Author) Northwestern University ( email ) 2003 Sheridan Road Evanston, IL 60208 United States 847-491-8231 (Phone) 847-491-7001 (Fax)
Federal Reserve Bank of Cleveland East 6th & Superior Cleveland, OH 44101-1387 United States
Federal Reserve Bank of Chicago 230 South LaSalle Street Chicago, IL 60604 United States
Federal Reserve Bank of Minneapolis 90 Hennepin Avenue Minneapolis, MN 55480 United States
National Bureau of Economic Research (NBER) 1050 Massachusetts Avenue Cambridge, MA 02138 United States

Abstract

Citations (33)

Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients

Lawrence J. Christiano

Date posted: July 10, 2000

Suggested Citation

Contact Information

Lawrence J. Christiano (Contact Author)