Perturbation Methods for Markov-Switching DSGE Models

By Andrew T. Foerster, Juan F. Rubio-Ramirez, Daniel F. Waggoner, Tao Zha. 2014

82 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/ab06bbb9de698937eced7fb4e21eda6b3dc33eb0

Citations in the corpus

• Efficient Perturbation Methods for Solving Regime-Switching DSGE Models (2015, unknown): “As stated earlier, we do not attempt to compute all possible solutions of (11) and then check that only one of them is stable as it is done in Foerster et al. (2014). Initialization is key not only for finding a solution but also, potentially, for the speed of convergence of any algorithm.”