Accuracy in Simulations

DOI10.2307/2297873zbMath0800.62822OpenAlexW1994310405MaRDI QIDQ4282689

Albert Marcet, Wouter J. Den Haan

Publication date: 10 April 1994

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297873

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Probabilistic models, generic numerical methods in probability and statistics (65C20) Economic growth models (91B62)

Related Items

Bayesian Analysis of DSGE Models, Comparing accuracy of second-order approximation and dynamic programming, Feedback approximation of the stochastic growth model by genetic neural networks, Central bank learning and Taylor rules with sticky import prices, Calculating and using second-order accurate solutions of discrete time dynamic equilibrium models, Information shocks and precautionary saving, Sources of asymmetry in production factor dynamics, How misleading is linearization? Evaluating the dynamics of the neoclassical growth model, Time-consistent control in nonlinear models, DEEP EQUILIBRIUM NETS, The origins and effects of macroeconomic uncertainty, Multi-country real business cycle models: accuracy tests and test bench, Computational methods for production-based asset pricing models with recursive utility, A dynamic equilibrium model of imperfectly integrated financial markets, A solution method for consumption decisions in a dynamic stochastic general equilibrium model, A comparison of numerical and analytic approximate solutions to an intertemporal consumption choice problem, The term structure of interest rates in real and monetary economies, Second-, third-, and higher-order consumption functions: a precautionary tale, Asset prices in affine real business cycle models, Comparing solution methods for dynamic equilibrium economies, Solving DSGE models with perturbation methods and a change of variables, How big is the debt overhang problem?, Finite elements in the presence of occasionally binding constraints, An approximate consumption function, Approximating and simulating the stochastic growth model: Parameterized expectations, neural networks, and the genetic algorithm, COMPUTATION OF BUSINESS CYCLE MODELS: A COMPARISON OF NUMERICAL METHODS, Housing, portfolio choice and the macroeconomy, Inflation targeting, learning and Q volatility in small open economies, Algorithms for solving dynamic models with occasionally binding constraints, Comparison of solutions to the incomplete markets model with aggregate uncertainty