Solving Hayashi and Prescott (2007) 'The 1990s: Japan's Lost Decade'(extended with an exogenous population growth and labour-augmenting technical progress) using a Linear-Quadratic Approximation as in Ljungqvist and Sargent (2004)

摘要

This notes outlines how to solve Hayashi and Prescott (2007) "The 1990s: Japan's Lost Decade", extended with an exogenous population growth and labour-augmenting technical progress, using a Linear-Quadratic Approximation as in Ljungqvist and Sargent (2004).