Example: bankruptcy
Search results with tag "Taylor approximation"
Stochastic simulations with DYNARE A practical guide.
www.dynare.orgperturbation method is implemented in DYNARE. ... delta, theta, psi, rho, tau; beta discount factor alpha capital elasticity in the production function delta depreciation rate ... order = [1,2,3]: Order of Taylor approximation (default = 2) replic = …