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By simplifying the computational tasks and by providing step-by-step explanations of the procedures required to study a linear dynamic rational expectations (LDRE) model, this paper and the accompanying ``LDRE Toolbox' of Matalb functions guide a researcher with almost no experience in...
Persistent link: https://www.econbiz.de/10005408265
The paper deals with the application of Minimum Weighted Residual Methods (MWR) in intertemporal optimizing models of endogenous economic growth. In the 1st part of the paper the basics of the MWR method are described. Attention is mainly concentrated on one special class of MWR methods: the...
Persistent link: https://www.econbiz.de/10005407729
In spite of elaborate descriptive and correlational studies, the most ubiquitous phenomenon in economics, namely inflation, has remained unexplained in terms of its mathematical origins. Keynes had attempted to relate inflation to a mechanism of "sticky wages and prices". Hitherto, such theories...
Persistent link: https://www.econbiz.de/10005412616
AFRICAN ECONOMIC PERFORMANCE HAS BEEN MARKEDLY WORSE THAN THAT OF OTHER REGIONS. THUS, THE GOVERNMENTS OF AFRICAN COUNTRIES HAVE ASSUMED MAJOR RESPONSIBILITIES FOR ECONOMIC REFORMS AND GROWTH. ALONG WITH THESE RESPONSIBILITIES HAS COME AN INCREASED AWARENESS OF THE INTERRELATEDNESS OF DIFFERENT...
Persistent link: https://www.econbiz.de/10005076913
is used as an accuracy benchmark. The posterior is estimated by the Gaussian filter and a Metropolis- Hastings algorithm …. I propose a genetic extension of the standard Metropolis-Hastings algorithm by parallel random walk sequences. This …
Persistent link: https://www.econbiz.de/10005556708
This paper introduces a new and computationally inexpensive method to test for uniqueness of equilibrium in exchange economies.
Persistent link: https://www.econbiz.de/10005556731
Most prices and interest rates display fluctuating levels that embody extractable energy and equivalent amounts of money. Such fluctuations are also associated with varying degrees of uncertainty. Shannon's derivations of spectral entropy and information content offer computational techniques...
Persistent link: https://www.econbiz.de/10005561278
This paper has the aim to present the various methods of balancing applied to the macroeconomic Social Accounting Matrix (macro SAM) of Tunisia during the year 2000. These methods (method of entropy, method of least squares....) were used by the modellers of Computable General Equilibrium (CGE)...
Persistent link: https://www.econbiz.de/10005561507
PERHAPS, POVERTY AND PLENTY IS THE WORLD'S GREATEST CHALLENGE. THIS STUDY THEREFORE PROPOSE AN APPLIED(COMPUTABLE)GENERAL EQUILIBRIUM APPROACH, THAT IS A RENEW ATTENTION TO THE PROBLEM OF POVERTY , EMPLOYMENT AND INEQUALITY THAT EARLIER STRATEGIES FOCUSING ON RAPID GROWTH WERE UNABLE TO RESOLVE....
Persistent link: https://www.econbiz.de/10005561515
Persistent link: https://www.econbiz.de/10005125623