Solving the multi-country real business cycle model using ergodic set methods

DOI10.1016/J.JEDC.2010.09.014MaRDI QIDQ622254zbMATH OpenOpenAlexFDO

Authors S. Maliar, L. Maliar, Kenneth L. Judd

Publication date 31 January 2011

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2010.09.014

zbMATH Keywords

projectionheterogeneous agentsnumerical methodsstochastic simulationperturbationparameterized expectations algorithm

Mathematics Subject Classification ID

Probabilistic models, generic numerical methods in probability and statistics (65C20) Heterogeneous agent models (91B69) Computational methods for problems pertaining to game theory, economics, and finance (91-08)

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Cites work

• scientific article; zbMATH DE number 3591295 (Why is no real title available?)
• scientific article; zbMATH DE number 1241609 (Why is no real title available?)
• Algorithms for solving dynamic models with occasionally binding constraints
• Comparison of solutions to the multi-country real business cycle model
• Computational suite of models with heterogeneous agents II: multi-country real business cycle models
• Heterogeneity in capital and skills in a neoclassical stochastic growth model
• Multi-country real business cycle models: accuracy tests and test bench
• Numerically stable and accurate stochastic simulation approaches for solving dynamic economic models
• Parameterized expectations algorithm: how to solve for labor easily
• Projection methods for solving aggregate growth models
• SOLVING LARGE-SCALE RATIONAL-EXPECTATIONS MODELS
• Solving the multi-country real business cycle model using a Smolyak-collocation method
• Solving the multi-country real business cycle model using a monomial rule Galerkin method
• Solving the multi-country real business cycle model using a perturbation method
• Solving the multi-country real business cycle model using ergodic set methods

Cited in

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• Optimal discretionary monetary policy in a micro-founded model with a zero lower bound on nominal interest rate
• Solving an incomplete markets model with a large cross-section of agents
• Composite habits and international transmission of business cycles
• Computational suite of models with heterogeneous agents II: multi-country real business cycle models
• Comparison of solutions to the multi-country real business cycle model
• Multi-country real business cycle models: accuracy tests and test bench
• Solving the multi-country real business cycle model using a perturbation method
• Solving the multi-country real business cycle model using ergodic set methods
• Solving the multi-country real business cycle model using a Smolyak-collocation method
• Solving the multi-country real business cycle model using a monomial rule Galerkin method
• Envelope condition method with an application to default risk models
• Smolyak method for solving dynamic economic models: Lagrange interpolation, anisotropic grid and adaptive domain

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