Academic Journal
Comparing Solution Methods for Dynamic Equilibrium Economies
| العنوان: | Comparing Solution Methods for Dynamic Equilibrium Economies |
|---|---|
| المؤلفون: | S. Bora˘gan Aruoba, Jesús Fernández-villaverde, Juan F. Rubio-ramírez |
| المساهمون: | The Pennsylvania State University CiteSeerX Archives |
| المصدر: | http://www.econ.upenn.edu/~jesusfv/comparisonnovall.pdf. |
| سنة النشر: | 2006 |
| المجموعة: | CiteSeerX |
| مصطلحات موضوعية: | Key words, Dynamic Equilibrium Economies, Computational Methods, Linear and Nonlinear Solution Methods |
| الوصف: | This paper compares solution methods for dynamic equilibrium economies. We compute and simulate the stochastic neoclassical growth model with leisure choice using Undetermined Coefficients in levels and in logs, Finite Elements, Chebyshev Polynomials, Second and Fifth Order Perturbations and Value Function Iteration for several calibrations. We document the performance of the methods in terms of computing time, implementation complexity and accuracy and we present some conclusions about our preferred approaches based on the reported evidence. |
| نوع الوثيقة: | text |
| وصف الملف: | application/pdf |
| اللغة: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.143.5601; http://www.econ.upenn.edu/~jesusfv/comparisonnovall.pdf |
| الاتاحة: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.143.5601 http://www.econ.upenn.edu/~jesusfv/comparisonnovall.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| رقم الانضمام: | edsbas.556102D3 |
| قاعدة البيانات: | BASE |
| الوصف غير متاح. |