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RBC Model with Constant Labor

  • 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 dives into the details of constructing and simulating an RBC model. We use Campbell (Journal of Monetary Economics 33(3), 463–506, 1994)’s model with constant labor to show analytically how to solve a DSGE model. We also show how to obtain the time series representation of variables and IRFs carefully.