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2014-09-15Buch DOI: 10.18452/4537
Comparing Solution Methodsfor DSGE Models withLabor Market Search
dc.contributor.authorLan, Hong
dc.date.accessioned2017-06-16T01:06:01Z
dc.date.available2017-06-16T01:06:01Z
dc.date.created2014-12-04
dc.date.issued2014-09-15
dc.date.submitted2014-09-15
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5189
dc.description.abstractI compare the performance of solution methods in solving a standard real business cycle model with labor market search frictions. Under the conventional calibration, the model is solved by the projection method using the Chebyshev polynomials as its basis, and the perturbation methods up to third order in both levels and logs. Evaluated by two accuracy tests, the projection approximation achieves the highest degree of accuracy, closely followed by the third order perturbation in levels. Although different in accuracy, all the approximated solutions produce simulated moments similar in value.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectBusiness cycleseng
dc.subjectDSGEeng
dc.subjectComputational methodseng
dc.subjectSearch and matchingeng
dc.subjectAccuracy testeng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleComparing Solution Methodsfor DSGE Models withLabor Market Search
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100221993
dc.identifier.doihttp://dx.doi.org/10.18452/4537
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages47
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2014
local.edoc.container-issue49
local.edoc.container-year2014
local.edoc.container-erstkatid2195055-6

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