原文:Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach
Author(s): Frank Smets and Rafael Wouters
Reviewed work(s):
Source: The American Economic Review, Vol. 97, No. 3 (Jun., 2007), pp. 586-606Published
请问其中的对数线性化的方程10 是如何推导出来的?特别是 其中的 curvature of kimball goods market aggregator epsilon_p 是怎么进入到方程的,附录中并没有相关的推导。多谢高手解答。
这篇文章的技术细节和数据可以到AER网站上下载到;
Some details of the decisions faced by agents in the economy are given in the Model Appendix, available at
http://www.e-aer.org/data/june07/20041254_app.pdf


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