GAUSS code for solving for the decision rules using a Ricatti Equation approach
AbstractThere are three programmes which solve for the decision rules using a quadratic approximation of the value function. You can find a description of this technique in Hansen and Prescott's chapter in the Cooley volume. 1) PROG1.E - formulating your model and solving for the decision rules. 2) PROG2.E - computing impulse responses. 3) PROG3.E - stochastic simulation of the model.
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Bibliographic InfoSoftware component provided by Quantitative Macroeconomics & Real Business Cycles in its series QM&RBC Codes with number 105.
Programming language: GAUSS
Date of creation: Jan 1994
Date of revision:
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