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Reference manual: point to implementation details of 1st order solution

time-shift
Sébastien Villemot 2011-04-15 18:43:59 +02:00
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@ -2715,7 +2715,9 @@ In a stochastic context, Dynare computes one or several simulations
corresponding to a random draw of the shocks. Dynare uses a Taylor
approximation, up to third order, of the expectation functions (see
@cite{Judd (1996)}, @cite{Collard and Juillard (2001a)}, @cite{Collard
and Juillard (2001b)}, and @cite{Schmitt-Grohé and Uríbe (2004)}).
and Juillard (2001b)}, and @cite{Schmitt-Grohé and Uríbe (2004)}). The
details of the Dynare implementation of the first order solution are
given in @cite{Villemot (2011)}.
@menu
* Computing the stochastic solution::
@ -5032,6 +5034,11 @@ Smets, Frank and Rafael Wouters (2003): ``An Estimated Dynamic
Stochastic General Equilibrium Model of the Euro Area,'' @i{Journal of
the European Economic Association}, 1(5), 1123--1175.
@item
Villemot, Sébastien (2011): ``Solving rational expectations models at
first order: what Dynare does,'' @i{Dynare Working Papers}, 2,
CEPREMAP
@end itemize
@node Command and Function Index