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Computation of Equilibria in OLG Models with Many Heterogeneous Households
Rausch, Sebastian; Rutherford, Thomas F. - 2007
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR)...
Persistent link: https://www.econbiz.de/10010264688
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Computation of Equilibria in OLGModels with Many Heterogeneous Households
Rausch, Sebastian; Rutherford, Thomas F. - 2008
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR)...
Persistent link: https://www.econbiz.de/10011753154
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Computation of equilibria in OLG models with many heterogeneous households
Rausch, Sebastian; Rutherford, Thomas F. - 2008
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR)...
Persistent link: https://www.econbiz.de/10003762140
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Computation of Equilibria in OLG Models with Many Heterogeneous Households
Rausch, Sebastian; Rutherford, Thomas F. - Rheinisch-Westfälisches Institut für … - 2007
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR)...
Persistent link: https://www.econbiz.de/10005738708
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Computation of Equilibria in OLGModels with Many Heterogeneous Households
Rausch, Sebastian; Rutherford, Thomas F. - CER-ETH Center of Economic Research, Department of … - 2008
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR)...
Persistent link: https://www.econbiz.de/10005750293
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Resuelve: A Gauss program for solving computable general equilibrium and disequilibrium models
Urzúa, Carlos M. - In: Estudios Económicos 9 (1994) 2, pp. 273-294
This paper describes a GAUSS program that can be used, among other things, to find equilibria for computable general equilibrium models, and fix price equilibria for general non Walrasian models. Simple applications for those two cases, as well as for linear and quadratic programming, are also...
Persistent link: https://www.econbiz.de/10005628734
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Chapter 58. Calibration
Dawkins, Christina; Srinivasan, T.N.; Whalley, John - In: Handbook of econometrics : volume 5, (pp. 3653-3703). 2001
We discuss the use of calibration techniques in economic models. Calibration contrasts with estimation in relying on … draw a distinction between the calibration methods used in dynamic macro models of the Kydland–Prescott type and micro … models of the Shoven–Whalley variety. We highlight the ways in which calibration techniques are evolving including double …
Persistent link: https://www.econbiz.de/10014024982
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Precautionary savings and wealth inequality: A global sensitivity analysis
Cozzi, Marco - 2011
This paper applies Canova JAE 1994 methodology to perform a thorough sensitivity analysis for the Aiyagari QJE 1994 economy. This is a calibrated GE model with incomplete markets and uninsurable income risk, designed to quantify the size of precautionary savings and the degree of wealth...
Persistent link: https://www.econbiz.de/10010290327
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Precautionary Savings and Wealth Inequality: a Global Sensitivity Analysis
Cozzi, Marco - Economics Department, Queen's University - 2011
This paper applies Canova JAE 1994 methodology to perform a thorough sensitivity analysis for the Aiyagari QJE 1994 economy. This is a calibrated GE model with incomplete markets and uninsurable income risk, designed to quantify the size of precautionary savings and the degree of wealth...
Persistent link: https://www.econbiz.de/10009144936
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Quantifying sustainability: A new approach and world ranking
Carraro, Carlo; Campagnolo, Lorenza; Eboli, Fabio; … - 2012
This paper proposes a new tool to assess sustainability and make the concept of sustainable development operational. It considers its multi-dimensional structure combining the information deriving from a selection of relevant sustainability indicators belonging to economic, social and...
Persistent link: https://www.econbiz.de/10010294272