RBC Model with Analytical Solution

章节
发表日期：

2024年

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Hamilton Galindo Gil,
Alexis Montecinos Bravo,
Marco Antonio Ortiz Sosa

摘要

This chapter shows how to build an RBC model. We start with the model’s assumptions and the agent’s optimization problem. Then, we collect them along with the equilibrium conditions. Our next step is to solve this system and simulate the model. Finally, we explore the economic intuition behind the IRFs.