NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Solving and Estimating Indeterminate DSGE Models

Roger E.A. Farmer, Vadim Khramov, Giovanni Nicolò

NBER Working Paper No. 19457
Issued in September 2013

---- Acknowledgements -----

We thank seminar participants at UCLA and at the Dynare workshop in Paris in July of 2010, where Farmer presented a preliminary draft of the solution technique discussed in this paper. That technique was further developed in Chapter 1 of Khramov’s Ph.D. thesis (Khramov, 2013). We would like to thank Thomas Lubik and three referees of this journal who provided comments that have considerably improved the final version. The ideas expressed herein do not reflect those of the Bank of England, the Monetary Policy Committee, the IMF, IMF policy, or the National Bureau of Economic Research.

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