A Simple Second-Order Solution Method For Dynamic General Equilibrium Models

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Price Stability in Open Economies (2003, background): “1 0 Sutherland (2001a) exploits second-order approximations to the structural equilibrium conditions , conditional on an appropriate policy rule in terms of money supply.”
Price Stability with Imperfect Financial Integration (2001, unknown): “11See Benigno and Benigno (2003, 2006) and Sutherland (2001) for a general analysis of the conditions under which this definition of price stability is optimal even from a non-cooperative perspective.”
International Monetary Policy Coordination and Financial Market Integration (2002, unknown): “Newly developed numerical techniques are available to solve such models (see Kim and Kim (2003), Sims (2000), Schmitt-Grohé and Uribe (2004) and Sutherland (2002a)).”
Monetary policy and welfare in a small open economy (2009, methodology): “In this setting, we follow the linear-quadratic approach developed by Sutherland (2002) and Benigno and Woodford (2006), and derive a utility-based loss function for the central bank.”
The Yield Curve and Macroeconomic Dynamics (2008, unknown): “In order to derive these expressions we rely on the suggestion in Sutherland (2002) that rst order approximate solutions are su¢ cient to derive second order approximate solution to second moments.”