Fakhrehosseini, S., kaviani, M. (2017). Solving Monetary (MIU) models with Linearized Euler Equations: Method of Undetermined Coefficients. International Journal of Research in Industrial Engineering, 6(2), 172-183. doi: 10.22105/riej.2017.94115.1005
S.F. Fakhrehosseini; Meysam kaviani. "Solving Monetary (MIU) models with Linearized Euler Equations: Method of Undetermined Coefficients". International Journal of Research in Industrial Engineering, 6, 2, 2017, 172-183. doi: 10.22105/riej.2017.94115.1005
Fakhrehosseini, S., kaviani, M. (2017). 'Solving Monetary (MIU) models with Linearized Euler Equations: Method of Undetermined Coefficients', International Journal of Research in Industrial Engineering, 6(2), pp. 172-183. doi: 10.22105/riej.2017.94115.1005
Fakhrehosseini, S., kaviani, M. Solving Monetary (MIU) models with Linearized Euler Equations: Method of Undetermined Coefficients. International Journal of Research in Industrial Engineering, 2017; 6(2): 172-183. doi: 10.22105/riej.2017.94115.1005
Solving Monetary (MIU) models with Linearized Euler Equations: Method of Undetermined Coefficients
1Department of Business Management, Tonekabon Branch, Islamic Azad University, Iran
2Department of Management, Aliabad katoul branch, Islamic Azad University, Iran
Abstract
This paper attempts to solve a benchmark money in utility model by first order Taylor approximation to the policy function. After a brief summary of recent development in first order Taylor approximation in solving dynamic stochastic general equilibrium models, we choose Sidrauski’s Money in utility model as a standard model and follow the approach proposed by Uhlig [1] to solve for the recursive law of motion at first order.
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