We present an object-oriented software framework allowing to specify, solve, and estimate nonlinear dynamic general equilibrium (DSGE) models. The implemented solution methods for finding the unknown policy function are the standard linearization around the deterministic steady state, and a...

We present a comprehensive framework for Bayesian estimation of structural nonlinear dynamic economic models on sparse grids. The Smolyak operator underlying the sparse grids approach frees global approximation from the curse of dimensionality and we apply it to a Chebyshev approximation of the...

This paper presents the software framework JStatCom which is geared towardsthe development of rich GUI clients for numerical procedures. The concept is tosolve all recurring tasks with the help of reusable Java components. Optionally, onecan delegate the execution of special numerical algorithms...