Asset Prices in Affine Real Business Cycle Models /
We develop a tractable way to solve for equilibrium quantities and asset prices in a class of real business cycle models featuring Epstein-Zin preferences and affine dynamics for productivity growth and volatility. The method relies on log-linearization and exploits the log-normality of all the quan...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2010.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2010/249 |
| Accesso online: | Full text available on IMF |