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Persistent link: https://www.econbiz.de/10003284215
This paper deals with the evolution of the literature on the problem of population and growth from the classical period … to the recent literature on endogenous growth and development. The 'problem' concerns two distinct issues: 1. how to … explain the observed covariation of the levels and rates of growth of per capita income and population size over time and …
Persistent link: https://www.econbiz.de/10014026391
In this paper, we perform an in - depth investigation of relative merits of two adaptive learning algorithms with constant gain, Recursive Least Squares (RLS) and Stochastic Gradient (SG), using the Phelps model of monetary policy as a testing ground. The behavior of the two learning algorithms...
Persistent link: https://www.econbiz.de/10012724434
and much less prone to simulation failures than to traditional algorithms and can also be used to solve individual country …
Persistent link: https://www.econbiz.de/10012782003
affect the natural population growth in the district's regions. Since people's priorities are more important, the …, which makes it possible to obtain the Pareto frontier for the dual-objective function of natural population growth, all the …
Persistent link: https://www.econbiz.de/10012822979
This paper presents and compares Newton-based methods from the applied mathematics literature for solving the matrix quadratic that underlies the recursive solution of linear DSGE models. The methods are compared using nearly 100 different models from the Macroeconomic Model Data Base (MMB) and...
Persistent link: https://www.econbiz.de/10013368452
Intercluster interaction of district regions is optimized in the following sequence: 1) logistic, 2) informational, and 3) economic and financial. At the first two stages, the problem is solved as a quadratic assignment problem using an ant colony optimization algorithm. The third stage is...
Persistent link: https://www.econbiz.de/10014259308
This paper presents and compares Bernoulli iterative approaches for solving linear DSGE models. The methods are compared using nearly 100 different models from the Macroeconomic Model Data Base (MMB) and different parameterizations of the monetary policy rule in the medium-scale New Keynesian...
Persistent link: https://www.econbiz.de/10014252497
This paper applies structure preserving doubling methods to solve the matrix quadratic underlying the recursive solution of linear DSGE models. We present and compare two Structure-Preserving Doubling Algorithms (SDAs) to other competing methods - the QZ method, a Newton algorithm, and an...
Persistent link: https://www.econbiz.de/10014444739
We present the first necessary and sufficient conditions for the existence of a unique perfect-foresight solution, returning to a given steady-state, in an otherwise linear model with occasionally binding constraints. We derive further conditions on the existence of a solution in such models,...
Persistent link: https://www.econbiz.de/10011427963