diff --git a/doc/dynare.texi b/doc/dynare.texi index 0cb0c4015bfa3cc642bf5962ba869b55ae0215a1..ded692054a27fb13f4a99da91d96d5173fb8cd8d 100644 --- a/doc/dynare.texi +++ b/doc/dynare.texi @@ -2715,7 +2715,9 @@ In a stochastic context, Dynare computes one or several simulations corresponding to a random draw of the shocks. Dynare uses a Taylor approximation, up to third order, of the expectation functions (see @cite{Judd (1996)}, @cite{Collard and Juillard (2001a)}, @cite{Collard -and Juillard (2001b)}, and @cite{Schmitt-Grohé and Uríbe (2004)}). +and Juillard (2001b)}, and @cite{Schmitt-Grohé and Uríbe (2004)}). The +details of the Dynare implementation of the first order solution are +given in @cite{Villemot (2011)}. @menu * Computing the stochastic solution:: @@ -5032,6 +5034,11 @@ Smets, Frank and Rafael Wouters (2003): ``An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area,'' @i{Journal of the European Economic Association}, 1(5), 1123--1175. +@item +Villemot, Sébastien (2011): ``Solving rational expectations models at +first order: what Dynare does,'' @i{Dynare Working Papers}, 2, +CEPREMAP + @end itemize @node Command and Function Index