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A generalization of judds method of out-steady-state comparisons in perfect foresight models

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  • Pessôa, Samuel de Abreu
  • Barelli, Paulo

Abstract

We show that Judd (1982)’s method can be applied to any finite system, contrary to what he claimed in 1987. An example shows how to employ the technic to study monetary models in presence of capital accumulation.

Suggested Citation

  • Pessôa, Samuel de Abreu & Barelli, Paulo, 2003. "A generalization of judds method of out-steady-state comparisons in perfect foresight models," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 473, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    • Handle: RePEc:fgv:epgewp:473
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    References listed on IDEAS

    as
    1. Judd, Kenneth L, 1987. "The Welfare Cost of Factor Taxation in a Perfect-Foresight Model," Journal of Political Economy, University of Chicago Press, vol. 95(4), pages 675-709, August.
    2. Judd, Kenneth L., 1982. "An alternative to steady-state comparisons in perfect foresight models," Economics Letters, Elsevier, vol. 10(1-2), pages 55-59.
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