NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients

Lawrence J. Christiano

NBER Technical Working Paper No. 225
Issued in February 1998

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.

download in pdf format
   (1522 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/t0225

Users who downloaded this paper also downloaded these:
McCallum t0232 Solutions to Linear Rational Expectations Models: A Compact Exposition
McCallum w0684 On Non-Uniqueness in Rational Expectations Models: An Attempt at Perspective
Christiano, Eichenbaum, and Evans w8403 Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
Campbell w4188 Inspecting the Mechanism: An Analytical Approach to the Stochastic Growth Model
Bernanke, Gertler, and Gilchrist w6455 The Financial Accelerator in a Quantitative Business Cycle Framework
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us