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Showing 1 to 1 of 1 for “"Poisson SDE"”.
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Business Cycle Models with Embodied Technological Change and Poisson Shocks
… fundamental inventions arriving according to a Poisson process. In a special case an analytical solution is presented. In the general case a delay differential equation (DDE) has to be solved. Standard numerical solution methods fail, because the steady state is path dependent. A new solution …