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

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National Bureau of Economic Research , Cambridge, MA
StatementSerguei Maliar, Lilia Maliar, Kenneth L. Judd
SeriesNBER working paper series -- working paper 16304, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16304.
ContributionsMaliar, Lilia, Judd, Kenneth L., National Bureau of Economic Research
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LC ClassificationsHB1
The Physical Object
FormatElectronic resource
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Open LibraryOL24485130M
LC Control Number2010656305

Solving the multi-country real business cycle model using ergodic set methods Serguei Maliara,b, Lilia Maliara,b, Kenneth Juddb a University of Alicante, Spain b Hoover Institution at Stanford University, United States article info Article history: Received 10 May Accepted 26 August   We use the stochastic simulation algorithm, described in Judd et al.

(), and the cluster-grid algorithm, developed in Judd et al. (a), to solve a collection of multi-country real business cycle following ingredients help us reduce the cost in high-dimensional problems: an endogenous grid enclosing the ergodic set, linear approximation methods, fixed-point iteration Cited by:   Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods Serguei Maliar, Lilia Maliar and Kenneth Judd ∗ J Abstract We apply the stochastic simulation algorithm, described in Judd, Maliar and Maliar (), and the projection cluster-grid algorithm, developed in Judd, Maliar and Maliar (a), to solving a.

Cycle Model Using Ergodic Set Methods Serguei Maliar, Lilia Maliar and Kenneth Judd ∗ Aug Abstract We use the stochastic simulation algorithm, described in Judd, Maliar and Maliar (), and the cluster-grid algorithm, developed in Judd, Maliar and Maliar (a), to solve a collection of multi-country real business cycle models.

Cycle Model Using Ergodic Set Methods Serguei Maliar, Lilia Maliar and Kenneth Judd ∗ May 9, Abstract We apply a stochastic simulation algorithm, described in Judd, Maliar and Maliar (), and a cluster-grid algorithm, developed in Judd, Maliar and Maliar (a), for solving a collection of multi-country real business cycle by: Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods Serguei Maliar, Lilia Maliar, Kenneth L.

Judd. NBER Working Paper No. Issued in August NBER Program(s):Economic Fluctuations and Growth, Public Economics, Technical Working Papers We use the stochastic simulation algorithm, described in Judd, Maliar and Maliar (), and the cluster-grid.

Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods Article in Journal of Economic Dynamics and Control 35() August with 38 Reads How we measure 'reads'. Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods.

an endogenous grid enclosing the ergodic set, linear approximation methods, fixed-point iteration and efficient integration methods, such as non-product monomial rules and Monte Carlo integration combined with regression.

Kenneth L., Solving the Multi-Country. Downloadable (with restrictions). We use the stochastic simulation algorithm, described in Judd et al. (), and the cluster-grid algorithm, developed in Judd et al.

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(a), to solve a collection of multi-country real business cycle models. The following ingredients help us reduce the cost in high-dimensional problems: an endogenous grid enclosing the ergodic set, linear approximation. Solving the Multi-Country Real Business Cycle Model Using.

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

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developed in Judd et al. (a), to solve a collection of multi-country real business cycle models. The following ingredients help us reduce the cost in high-dimensional problems: an endogenous grid enclosing the ergodic set, linear approximation methods, fixed Author: Serguei Maliar, Lilia Maliar and Kenneth Judd.

BibTeX @TECHREPORT{Maliar10solvingthe, author = {Serguei Maliar and Lilia Maliar and Kenneth Judd and We Wouter and Den Haan and Michel Juillard and Ben Malin and Sébastien Villemot}, title = {Solving the multi-country real business cycle model using ergodic set methods}, institution =.

"Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods," NBER Working PapersNational Bureau of Economic Research, Inc. Kenneth Judd & Lilia Maliar & Serguei Maliar, "Solving the multi-country real business cycle model using ergodic set methods," Working Papers.

Información del artículo Solving the multi-country real business cycle model using ergodic set methods We use the stochastic simulation algorithm, described in Judd, Maliar and Maliar (), and the cluster-grid algorithm, developed in Judd, Maliar and Maliar (a), to solve a collection of multi-country real business cycle models.

Get this from a library. Solving the multi-country real business cycle model using ergodic set methods. [Serguei Maliar; Lilia Maliar; Kenneth L Judd; National Bureau of Economic Research.] -- We use the stochastic simulation algorithm, described in Judd, Maliar and Maliar (), and the cluster-grid algorithm, developed in Judd, Maliar and Maliar (a), to solve a collection of.

"Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods" Journal of Economic Dynamic and Control 35(2), Robert Kollmann, Serguei Maliar, Benjamin Malin and Paul Pichler, (). "Comparison of Solutions to the Multi-Country Real Business Cycle Model", JEDC 35(2), pp.

Lilia Maliar and Serguei Maliar, (). Solving the multi-country Real Business Cycle model using a perturbation method Article in Journal of Economic Dynamics and Control 35(2) February. Published: Maliar, Serguei & Maliar, Lilia & Judd, Kenneth, "Solving the multi-country real business cycle model using ergodic set methods," Journal of Economic Dynamics and Control, Elsevier, vol.

35(2), pagesFebruary. citation courtesy of. May A Cluster-Grid Projection Method: Solving Problems with High Dimensionality. cycle model using ergodic set methods* Serguei Maliar, Lilia Maliar and Kenneth Judd** Abstract We use the stochastic simulation algorithm, described in Judd, Maliar and Maliar (), and the cluster-grid algorithm, developed in Judd, Maliar and Maliar (a), to solve a collection of multi-country real business cycle models.

"Computational suite of models with heterogeneous agents II: Multi-country real business cycle models, (with Wouter J. Den Hann and Michel Juillard) Journal of Economic Dynamics and Control, Vol Issue 2, pp.

“Solving the multi-country real business cycle model using ergodic set methods,†(with Serguei Maliar and Lilia. “Computational suite of models with heterogeneous agents II: Multi-country real business cycle models, (with Wouter J.

Den Hann and Michel Juillard) Journal of Economic Dynamics and Control, Vol Issue 2, pp. () “Solving the multi-country real business cycle model using ergodic set methods,” (with Serguei Maliar and Lilia Maliar) Journal of Economic Dynamics and.

The folder “MMJ_JEDC_35_” contains MATLAB software for stochastic- simulation algorithm (SSA) and cluster-grid algorithm (CGA) accompanying the article "Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods" by Serguei Maliar, Lilia Maliar and Kenneth L.

Judd, (), Journal of Economic Dynamics and Cont   Solving the multi-country real business cycle model using ergodic set methods. Journal of Economic Dynamics and Control, 35, – Article Google Scholar. Accurate Stochastic Simulation Methods for Solving Dynamic Models" and "Supplement", Quantitative Economics 2, Serguei Maliar, Lilia Maliar and Kenneth L.

Judd, (). "Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods" Journal of Economic Dynamic and Control 35(2), pp.

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

Maliar, Serguei Maliar, Lilia and Judd, Kenneth Solving the multi-country real business cycle model using ergodic set methods. Journal of Economic Dynamics and Control, Vol. 35, Issue. 2, p. CrossRef; Google Scholar. w Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods: Judd, Maliar, and Maliar: w A Cluster-Grid Projection Method: Solving Problems with High Dimensionality: Judd, Maliar, and Maliar: w How to Solve Dynamic Stochastic Models Computing Expectations Just Once: Malin, Krueger, and Kubler.

This paper compares six different algorithms for solving the multi-country Real Business Cycle (RBC) model described in Den Haan et al. (this issue). This model does not have a closed-form solution, and the specifications we consider are numerically challenging because they have a large number of continuous-valued state variables (up to 20).

Comparison of Solutions to the Multi-Country Real Business Cycle Model Robert Kollmanna,b,c,*, Serguei Maliard,e, Benjamin A. Malinf, Paul Pichlerg June Abstract: We compare the performance of perturbation, projection, and stochastic simulation algorithms for solving the multi-country RBC model described in Den Haan, Judd and Juillard ().

A User’s Guide to Solving Real Business Cycle Models The typical real business cycle model is based upon an economy populated by identical infinitely-lived households and firms, so that economic choices are reflected in the decisions made by a single representative agent.

It is assumed that both output and factor markets are. Solving such models is a challenging numerical problem unless the number of countries is Business Cycle Model Using Ergodic Set Methods,fl Journal of Economic Dynamics and Control, this issue.

Malin, B. A., D. Krueger, and F. Kubler (): fiSolving the Multi-Country Real Business Cycle Model Using a Smolyak-Collocation Method,flJournal. Solving the multi-country real business cycle model using ergodic set methods, Journal of Economic Dynamics and Control 35(2), Maliar, L., and S.

Maliar, ().starting point of Real Business Cycle models Baseline neoclassical growth: complete markets, households and –rms can trade using any Arrow-Debreu commodity.

Complete markets: full set of contingent claims traded competitively. Implies that individuals can fully insure against idiosyncratic risks.Solving the multi-country real business cycle model using ergodic set methods S Maliar, L Maliar, K Judd Journal of Economic Dynamics and Control 35 (2),