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be used for modeling \average" or steady-state behavior of complex stochastic systems. Recently, simulation-based methods … programs with equilibrium constraints. The convergence analysis of sample-path methods rely heavily on stability conditions. We …
Persistent link: https://www.econbiz.de/10005288631
be used for modeling "average" or steady-state behavior of complex stochastic systems. Recently, simulation-based methods … programs with equilibrium constraints. The convergence analysis of sample-path methods rely heavily on stability conditions. We …
Persistent link: https://www.econbiz.de/10010731565
be used for modeling "average" or steady-state behavior of complex stochastic systems. Recently, simulation-based methods … programs with equilibrium constraints. The convergence analysis of sample-path methods rely heavily on stability conditions. We …
Persistent link: https://www.econbiz.de/10004991135
used for modeling average or steady-state behavior of complex stochastic systems.Recently, simulation-based methods have … equilibrium constraints.The convergence analysis of sample-path methods rely heavily on stability conditions.We first review …
Persistent link: https://www.econbiz.de/10011090408
In this paper, a model of bounded rational investors investing their portfolio in a passive investment vehicle (e.g., an Exchange Traded Fund replicating a broad index) or an actively managed fund is presented. The model proposes that the quick reswitching of these short-term oriented investors...
Persistent link: https://www.econbiz.de/10010323727
It is well known that an upper semi-continuous compact- and convex-valued mapping fi from a nonempty compact and convex set X to the Euclidean space of which X is a subset has at least one stationary point, being a point in X at which the image fi(x) has a nonempty intersection with the normal...
Persistent link: https://www.econbiz.de/10010324999
dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in … stability while gaining budget balance out of equilibrium. …
Persistent link: https://www.econbiz.de/10011599472
and stability are influenced in a decisive way by fiscal and monetary parameters determining steady state inflation rates …
Persistent link: https://www.econbiz.de/10012042141
This paper examines the stability of balanced paths of expansion or contraction in closed macroeconomic models as … discussed. The appendix presents the mathematical tools and concepts to prove the stability of expanding/contracting paths in … international trade, or monetary macro, conditions of existence and stability are obtained applying the features of the non …
Persistent link: https://www.econbiz.de/10012042156
relies on the notion of T-processes and applies results on the stability of Markovian processes from Meyn and Tweedie (1993a …
Persistent link: https://www.econbiz.de/10011957213