HOW WELL DO LINEAR-APPROXIMATION METHODS WORK - THE PRODUCTION TAX CASE
成果类型：
Article
署名作者：
DOTSEY, M; MAO, CS
署名单位：
National Taiwan University
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/0304-3932(92)90022-T
发表日期：
1992
页码：
25-58
关键词：
摘要：
In this paper we investigate the accuracy of approximating policy functions for three different approximation methods in the context of a neoclassical model with a production tax. We find that a variant of the King, Plosser, and Rebelo procedure yields the best approximations overall, but that in certain instances researchers may be better off using a discrete state space solution to the Euler equations of the model.
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