Narrow search
Showing 1 - 10 of 247
Cover Image
A Toolbox for the Numerical Study of Linear Dynamic Rational Expectations Models
Oviedo, P. Marcelo - EconWPA - 2005
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
Cover Image
Minimum Weighted Residual Methods in Endogeneous Growth Models
Kejak, Michal - EconWPA - 2001
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
Cover Image
A VIRTUAL DYNAMIC APPLIED GENERAL EQUILIBRIUM MODEL OF AFRICA: SPECIFICATIONS AND SIMULATIONS
NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003
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
Cover Image
Computing Equilibria in Finance Economies
Herings, P.J.J.; Kubler, F. - EconWPA - 2001
Persistent link: https://www.econbiz.de/10005125623
Cover Image
Approximating and Simulating the Stochastic Growth Model: Parameterized Expectations, Neural Networks, and the Genetic Algorithm
McNelis, Paul; Duffy, John - EconWPA - 1998
expectations. We compare polynomial and neural netowork specifications for expectations, and we employ both genetic algorithm and … the neural network specification in combination with the genetic algorithm and gradient descent optimization methods … algorithm solution methods should at least complement parameterized expectation solutions based on polynomial approximation and …
Persistent link: https://www.econbiz.de/10005125625
Cover Image
EMISSION POLICIES AND THE NIGERIAN ECONOMY: SIMULATIONS FROM A DYNAMIC APPLIED GENERAL EQUILIBRIUM MODEL
NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2002
Recently, there has been growing concern that human activities may be affecting the global climate through growing atmospheric concentrations of greenhouse gases(GHG). Such warming could have major impacts on economic activity and society. For the Nigerian case, the study uses multisector...
Persistent link: https://www.econbiz.de/10005125634
Cover Image
Universally Stable Adjustment Processes - A Unifying Approach
Herings, P.J.J. - EconWPA - 2001
Persistent link: https://www.econbiz.de/10005125648
Cover Image
Systems Theory of Macroeconomics, Introduction to
Perison, A.G. - EconWPA - 2001
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
Cover Image
Solving, Estimating and Selecting Nonlinear Dynamic Economic Models without the Curse of Dimensionality
Winschel, Viktor - EconWPA - 2005
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
Cover Image
Testing for a unique equilibrium in applied general equilibrium models
Dakhlia, Sami - EconWPA - 1997
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