, economists avoid - even positively abhor - reliance on simulation. We disagree with the mildly qualified affirmative answer given … descriptions, definitions and analysis. These are pointed out, and corrected; for, if not, the issues they raise may be submerged …

A divide and conquer algorithm for exploiting policy function monotonicity is proposed and analyzed. To solve a … discrete problem with n states and n choices, the algorithm requires at most nlog2(n)+5n objective function evaluations. In … technique can be combined with a method exploiting concavity to reduce evaluations to 14n+2log2(n). A version of the algorithm …

the macroeconomist's toolkit. This literature review stresses recently developed techniques for computation and inference …

set up in pre-determined locations following the passage of a storm. Simulation results reveal that modest disruptions to …

local analysis that linearizes the model around the steady state. However, what is true of the linearized system only …