scholarly journals Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function

10.3386/t0282 ◽  
2002 ◽  
Author(s):  
Stephanie Schmitt-Grohe ◽  
Martin Uribe
Keyword(s):  
General Equilibrium ◽  
Order Approximation ◽  
Dynamic General Equilibrium ◽  
Second Order ◽  
Equilibrium Models ◽  
General Equilibrium Models ◽  
Second Order Approximation ◽  
Policy Function

CONTRACTIONARY EFFECTS OF GOVERNMENT SPENDING AND WARTIME BRITAIN

2015 ◽  
Vol 20 (4) ◽  
pp. 857-883 ◽  
Author(s):  
Shingo Watanabe
Keyword(s):  
General Equilibrium ◽  
Industrial Production ◽  
Government Spending ◽  
Dynamic General Equilibrium ◽  
Equilibrium Models ◽  
General Equilibrium Models ◽  
Goods And Services ◽  
Tax Smoothing

In dynamic general equilibrium models, private output is increased by government spending for goods and services, but decreased by government spending for employment. This paper presents the first evidence for the latter effect by studying the pre-WWII British wartime economy. Britain participated in numerous wars, increasing military employment greatly. British tax-smoothing policy and rare wartime governmental interventions reduce the difficulty of studying the effects of wartime government spending. This paper finds wartime decreases in industrial production, which can be explained by wartime government spending for military employment.

scholarly journals Parallel parameter optimization algorithm in dynamic general equilibrium models

2018 ◽  
Vol 51 (32) ◽  
pp. 562-567
Author(s):  
Arseniy P. Gruzdev ◽  
Nikolai B. Melnikov ◽  
Michael G. Dalton ◽  
Matthias Weitzel ◽  
Brian C. O’Neill
Keyword(s):  
General Equilibrium ◽  
Parameter Optimization ◽  
Optimization Algorithm ◽  
Dynamic General Equilibrium ◽  
Equilibrium Models ◽  
General Equilibrium Models
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