[PDF] Top 20 Methods to Estimate Dynamic Stochastic General Equilibrium Models

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... Computable general equilibrium (CGE) models have come into extensive use for analyzing and simulating the effects of economic policy changes in developing and industrialized ...These models ... Voir le document complet

... EP-style models in practice. Be- cause EP-style models are typically analytically intractable, their solution involves numerically computing their Markov perfect equilibria (MPE) ...style models is ... Voir le document complet

... CGE models by building confidence sets for the endogenous variables of the model, given minimal information on parameter uncertainty in the sense that only one confidence set for the uncertain parameters (not a ... Voir le document complet

... complex to solve analytically or to estimate ...possible to construct a discrete version of the system as a finite Markov ...between stochastic Markov process models and ... Voir le document complet

... prefer to default and consume 2:5495 rather than settle his short position and only consume ...individual to enter node (uu) with negative liquidity in the rst place, ...like to solve the ... Voir le document complet

... Reversely to being advantageous, SEM also have some ...opposed to using data mining to develop a model ...need to be large enough to provide stable estimates of the parameters: a ... Voir le document complet

... equal to their prescribed val- ...related to either a lack of knowledge (epistemic uncertainties) or uncontrolled variations (aleatoric uncertain- ...Consequently, to be more realistic, numerical ... Voir le document complet

... access to unbiased estimates of the gradients ∇f i (x) due to the stochastic nature of f i ...variance-reduction methods do not apply anymore and the standard approach to address this ... Voir le document complet

... simple general equilibrium model of resource extractions in the presence of a backstop ...lead to resource-saving ...like to advise that general equilibrium e¤ects may lead ... Voir le document complet

... is to link both stochastic and deterministic approaches in order to explain the observations available at different scales, and to study the main parameters that control the length of the ... Voir le document complet

... 3.3 Sketch of the proof In this section we outline roughly the strategy to derive our main result, the- orem 3.8. The hypothesis of infinite number of stable directions provides us with an interval of stable ... Voir le document complet

... level. To be precise, the market outcome may obey two opposite ...the equilibrium displays the standard pro-competitive effects generated by the entry of new firms and a larger market size, two effects that ... Voir le document complet

... What about updates by complex programs? Actually we may implement such up- dates by means of complex D - HT programs. For example, the D - HT program (¬p ∨ q)? ∪ (−p; +q) makes the implication p → q true, whatever the ... Voir le document complet

... polcies. To the best of our knowledge there is no prior work on efficient algorithms to find stationary strategies in Stackelberg games for τ → +∞ when they ...streets to prevent crime, the decision ... Voir le document complet

... in equilibrium models, written χ |≈ ϕ, if and only if for every equilibrium model T of χ, (T, T ) is an HT model of ...our dynamic language we can check not only problems of the form χ |≈ ... Voir le document complet

... sufficient to provide accurate supports for evolutionary ...us to study a method for inferring event supports from a set of (sub)optimal reconciliations obtained by computing most parsimonious ... Voir le document complet

... ways to games with imperfectly ob- served actions (see ...paper. Stochastic games were introduced by Shapley (1953) and generalize repeated games: the payoff functions of the players evolve from stage ... Voir le document complet

... ways to games with imperfectly ob- served actions (see ...paper. Stochastic games were introduced by Shapley (1953) and generalize repeated games: the payoff functions of the players evolve from stage ... Voir le document complet

... addition to their long standing influence on the scientific area I am involved in, these two lemmas characterize for me David Gale’s attitude toward Mathematics: a creative activity that makes hard demands in ... Voir le document complet