The Z-transform and Comparative Dynamics in Discrete-time Models.

摘要:

This paper develops a general technique for the computation of comparative dynamics in perfect-foresight discrete-time models. The method developed here is both applicable and general; it can be used to analyze the effects of the perturbation of parameters on endogenous variables and the welfare of an economic system derived from more general multisector models. It is neither restricted to the system's dimensions nor restricted by the assumption of distinct eigenvalues in the system.