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A Reliable Technique for Accurately Computing Unconditional Variances
Anderson, Gary S. - Society for Computational Economics - SCE - 2006
in nonlinear DSGE models. Spurious higher order terms that creep into multi-step ahead forecasts can produce explosive … covariances. By, in effect, explicitly including long forecast of powers of endogenous variables among the DSGE model equations …
Persistent link: https://www.econbiz.de/10005342860
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Solving SDGE Models: A New Algorithm for Sylvester Equation
Kamenik, Ondrej - Society for Computational Economics - SCE - 2004
This paper presents a new numerical algorithm for solving Sylvester equation involved in higher order perturbation method used for solution of stochastic dynamic general equilibrium models. The new algorithm is better than methods used so far (esp. very popular doubling algorithm) in terms of...
Persistent link: https://www.econbiz.de/10005345346
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What is the contribution of a k order approximation
Juillard, Michel - Society for Computational Economics - SCE - 2003
Persistent link: https://www.econbiz.de/10005706825
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Design Patterns in Models of Emergence
Birchenhall, C. R. - Society for Computational Economics - SCE - 2002
Persistent link: https://www.econbiz.de/10005345423
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Computing Sunspots in Linear Rational Expectations Models
Lubik, Thomas; Schorfheide, Frank - Society for Computational Economics - SCE - 2002
Persistent link: https://www.econbiz.de/10005345369
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Global sensitivity analysis for macro-economic models
Ratto, Marco - Society for Computational Economics - SCE - 2006
DSGE models are customarily built in the presence of uncertainties of various levels, such as the specification of … used to map the stability region of DSGE models and to detect parameters that mostly drive the violation of the rank … condition. Such procedure is extremely useful for detecting critical regions in the model parameter space of DSGE models. In …
Persistent link: https://www.econbiz.de/10005706176
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Industrial specialisation, trade, and labour market dynamics in a multisectoral model of technological progress
Stehrer, Robert - Society for Computational Economics - SCE - 2001
The issue of the impact of trade on specialisation structures and the effects of trade liberalisation on employment and labour markets has been intensively discussed in the recent literature on trade liberalisation and globalisation. In Europe this debate has gained new momentum in the...
Persistent link: https://www.econbiz.de/10005706761
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Testing for Indeterminacy in Linear Rational Expectations Models
Lubik, Thomas; Schorfheide, Frank - Society for Computational Economics - SCE - 2002
Persistent link: https://www.econbiz.de/10005537657
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Solving for Optimal Simple Rules in Rational Expectations Models
Dennis, Richard - Society for Computational Economics - SCE - 2001
This paper presents techniques to solve for optimal simple monetary policy rules in rational expectations models. Both pre-commitment and discretionary solutions are considered. The techniques described are notable for the flexibility they provide over the structure of the policy rule being...
Persistent link: https://www.econbiz.de/10005132865
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Increasing returns and cycles in fishing
M. Liski, P.M. Kort, A.J. Novak - Society for Computational Economics - SCE - 2001
We consider optimal fishery management under the assumption of increasing returns that is supported by previous empirical evidence. We improve the tractability and realism of the previous approaches by introducing flow adjustment costs on changes in harvest rate. Our framework is the first to...
Persistent link: https://www.econbiz.de/10005345598