This paper analyzes the technique of comparative dynamics (Judd, 1982) for the computation of the impact of perturbations on a steady state in a perfect-foresight model. The accuracy of this technique is demonstrated by numerical simulation experiments. Moreover, the technique is generalized to discrete-time models. Citation Copyright 1998 by Kluwer Academic Publishers.
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Volume (Year): 12 (1998) Issue (Month): 2 (October) Pages: 115-24 Download reference. The following formats are available: HTML
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