Asymptotic methods for asset market equilibrium analysis

By Kenneth L. Judd, Sy-Ming Guu. 2001

106 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d13bf26a71598c56ac4d429537b7d57bd5ef1f56

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In Economics and Econometrics

Citations in the corpus

Wealth, Information Acquisition, and Portfolio Choice (2004, background): “The first goes back to Samuelson’s (1970) concept of ‘‘compact’’ probabilities, while the other uses bifurcation theory [ Judd and Guu (2001) ].”
Local approximation of DSGE models around the risky steady state (2011, methodology): “Second order approximations are discussed in several papers: Sims (2000); Collard and Juillard (2001); Kim et al.”
Comparing Solution Methods for Dynamic Equilibrium Economies (2006, background): “parameter. As shown by Judd and Guu (2001) , the standard deviation needs to be the perturbation parameter in discrete time models, since odd moments may be important.”
Financial Frictions, Financial Integration and the International Propagation of Shocks (2011, unknown): “In this section we discuss how the propagation mechanism in our model economy compares with the idea of an international financial multiplier recently formulated by Krugman (2008), in a partial equilibrium framework, and formalized by Devereux and Yetman (2009) in a dynamic general equilibrium conte”
Explaining Asset Prices with External Habits and Wage Rigidities in a DSGE Model (2007, unknown): “Define δ̃ = δ + e − 1 (8) I assume that the adjustment cost function g(·) satisfies g(δ̃) = δ̃, g′(δ̃) = 1, g′′(δ̃) = − 1 ξ (9)”
COUNTRY PORTFOLIOS IN OPEN ECONOMY MACRO‐MODELS (2011, methodology): “Judd and Guu (2001) show how the same equilibrium can be identified by using a combination of a Bifurcation theorem and the Implicit Function Theorem.”