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...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2010.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2010/249 |
| Online Access: | Full text available on IMF |