Perturbation

We study the rationale and performance of DSGE perturbations that are pruned to guarantee stable simulations. We provide theoretical …

I construct risk-sensitive approximations of policy functions of DSGE models around the stochastic steady state and ergodic mean that …

We prove that the undetermined Taylor series coefficients of local approximations to the policy function of arbitrary order in a wide …

We analyze the theoretical moments of a nonlinear approximation to real business cycle model with stochastic volatility and recursive …

We propose a nonlinear infinite moving average as an alternative to the standard state space policy function for solving nonlinear DSGE …