This chapter provides an overview of solution and estimation techniques for dynamic
stochastic general equilibrium models. We cover the foundations of numerical …

We propose a new method for computing equilibria in heterogeneous-agent models with
aggregate uncertainty. The idea relies on an assumption that linearization offers a good …

This article studies the pruned state-space system for higher-order perturbation
approximations to dynamic stochastic general equilibrium (DSGE) models. We show the …

This paper shows how particle filtering facilitates likelihood-based inference in dynamic
macroeconomic models. The economies can be non-linear and/or non-normal. We describe …

Macroeconomics at the intermediate and graduate levels rests on three workhorses: the
Solow-Swan model, the overlapping generations (OLG) model, and the Ramsey model. The …

Structural Macroeconometrics provides a thorough overview and in-depth exploration of
methodologies, models, and techniques used to analyze forces shaping national …

This paper compares solution methods for dynamic equilibrium economies. We compute
and simulate the stochastic neoclassical growth model with leisure choice using first …

We study optimal monetary and fiscal policies in a New Keynesian model with
heterogeneous agents, incomplete markets, and nominal rigidities. Our approach uses small …

The twin themes of computational complexity and information pervade this 1998 book. It
starts with an introduction to the computational complexity of continuous mathematical …

This paper compares different solution methods for computing the equilibrium of dynamic
stochastic general equilibrium (DSGE) models with recursive preferences such as those in …