The Ant System is a new meta-heuristic method particularly appropriate to solve hard combinatorial optimization problems. It is a population-based, nature-inspired approach exploiting positive feedback as well as local information and has been applied successfully to a variety of combinatorial...

Bayesian inference for DSGE models is typically carried out by single block random walk Metropolis, involving very high computing costs. This paper combines two features, adaptive independent Metropolis-Hastings and parallelisation, to achieve large computational gains in DSGE model estimation....