Hello.
Can you give me references to papers on RBC (DSGE) models that have exact solution.
Thank you in advance
Hello.
Can you give me references to papers on RBC (DSGE) models that have exact solution.
Thank you in advance
The classical one is the Brock/Mirmann model (log utility and full depreciation) you can find in almost every textbook, e.g. in Ljunqvist/Sargent and in Romer’s textbook.