Merging simulation and projection approaches to solve high-dimensional problems with an application to a new Keynesian model

DOI10.3982/QE364zbMath1396.91539MaRDI QIDQ4586240

Lilia Maliar, Serguei Maliar

Publication date: 12 September 2018

Published in: Quantitative Economics (Search for Journal in Brave)

zbMATH Keywords

discrepancyclustersstochastic simulationadaptive gridNew Keynesian modellarge-scale modelergodic setZLB\(\varepsilon\)-distinguishable set

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items

Envelope condition method with an application to default risk models, Assessing DSGE model nonlinearities, Is Rotemberg pricing justified by macro data?, When the U.S. catches a cold, Canada sneezes: a lower-bound tale told by deep learning, DEEP EQUILIBRIUM NETS, A simple but powerful simulated certainty equivalent approximation method for dynamic stochastic problems, Quantum Monte Carlo for economics: stress testing and macroeconomic deep learning, Computational methods for production-based asset pricing models with recursive utility, Envelope condition method versus endogenous grid method for solving dynamic programming problems, Smolyak method for solving dynamic economic models: Lagrange interpolation, anisotropic grid and adaptive domain, Statistical approximation of high-dimensional climate models, Efficient VAR discretization