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Dynamic paths of the European economy: simulations using an EU aggregate model

Bagnai, Alberto; Carlucci, Francesco - EconWPA - 2002

Using an aggregate econometric model for the EU we investigate by simulation methods some dynamic paths of the European …

Persistent link: https://www.econbiz.de/10005119065

Choice of an ordering strategy taking into account of risks about customer service levels and on-hands inventories

Baboli, A.; Llerena, D.; Moyaux, T. - Laboratoire d'Économie Appliquée de Grenoble, … - 2009

This paper investigates the foundations of cooperative identity and how it is constructed by the organisation. More specifically, our research focuses on a financial cooperative in the simultaneously emerging and consolidating cultural sector. The originality of this paper lies in the...

Persistent link: https://www.econbiz.de/10005120920

Is it Worth Refining Linear Approximations to Non-Linear Rational Expectations Models?

Novales, Alfonso; Pérez, Javier J. - Centro de Estudios Andaluces, Government of Andalusia - 2002

We characterize the balanced growth path of the basic neoclassical growth economy using standard, almost linear numerical solution methods, as well as the parameterized expectations approach, which preserves the nonlinearity in the model. We also apply the same methods after adding indivisible...

Persistent link: https://www.econbiz.de/10005121295

Stochastic population forecasts using functional data models for mortality, fertility and migration

Hyndman, Rob J; Booth, Heather - Department of Econometrics and Business Statistics, … - 2006

Age-sex-specific population forecasts are derived through stochastic population renewal using forecasts of mortality …, fertility and net migration. Functional data models with time series coefficients are used to model age-specific mortality and … fertility rates. As detailed migration data are lacking, net migration by age and sex is estimated as the difference between …

Persistent link: https://www.econbiz.de/10005427608

Comparison of Non-Stationary Time Series in the Frequency Domain.

Maharaj, E.A. - Department of Econometrics and Business Statistics, … - 2001

In this paper we compare two non-stationary time series using non-parametric procedures. Evolutionary spectra are estimated for the two series. Randomization tests are performed on groups of spectral estimates for both related and independent time series. Simul ation studies show that in certain...

Persistent link: https://www.econbiz.de/10005427643

Inflation Targeting: to Forecast or to Simulate

Skorepa, Michal; Kotlan, Viktor - EconWPA - 2003

two basic ways of assessing future inflation: forecast and simulation. A forecast is the most likely picture of the future …. In a forecast, all agents are assumed to behave in the most likely way. A simulation, on the other hand, is the most … differentiating between a forecast and a simulation, we discuss the pros and cons of using the two ways of assessing future inflation …

Persistent link: https://www.econbiz.de/10005561292

A "One-line" Simulator for Maxima or Minima on Drifting Brownian Paths

Abrahamson, Allen - EconWPA - 2002

A simple transform of a standard uniform variate is given for simulation of the maximum attained by a Wiener process …

Persistent link: https://www.econbiz.de/10005561500

Innovazione tecnologica e offerta di skills:una simulazione

Scarlato, M.; Cenci, M. - EconWPA - 2004

In this paper a dynamic stochastic model is used to simulate the matching process between skills demand and supply in a segmented labor market of a typical developing area where labor market frictions are pervasive. We address the issue of the emergence of a “bad” outcome i.e. equilibrium...

Persistent link: https://www.econbiz.de/10005561504

Evolutionary models’ comparative analysis. Methodology proposition based on selected neo-schumpeterian models of industrial dynamics

Kwasnicki, Witold - EconWPA - 2002

A methodology of comparative analysis of evolutionary models is proposed. The main aim of this proposition is to identify to what extend different models can be called ‘evolutionary ones’. Each model is analysed by searching for answers to following questions:  Is the model dynamical one?...

Persistent link: https://www.econbiz.de/10005561798

Adjustment of global imbalances: Illustrative scenarios for Hungary

Hornok, Cecília; Jakab, Zoltán M.; Tóth, Máté Barnabás - Magyar Nemzeti Bank (MNB) - 2006

In this study we examine the impact on Hungary of a possible correction of global imbalances. We distinguished four different channels of the global adjustment process, which are widely referred to in the literature (fiscal tightening in the U.S.; housing price correction in the US; an increase...

Persistent link: https://www.econbiz.de/10005562381