This article studies the accuracy of two versions of Kydland and Prescott's (1980, 1982) procedure for approximating optimal decision rules in problems in which the objective fails to be quadratic and ...

Given any cubic or quartic equation with real coefficients, it can be transformed by a change of variable into a standard form, and thus solved by means of a double-sided scale (Fig. 1) in the case of ...

This article describes three approximation methods I used to solve the growth model (Model 1) studied by the National Bureau of Economic Research's nonlinear rational-expectations-modeling group ...

Curved graphs can be used to solve equations. The points at which the curve crosses a particular line on the graph are the solutions to the equation. If we want to solve the equation ...