The Role of Simulation Methods in Macroeconomics

Alfonso Novales ()

Documentos del Instituto Complutense de Análisis Económico from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales

Abstract: After reviewing the reasons to use solution methods in macroeconomics,this survey paper discusses di¤erent aspects relative to a rigorous use of the numerical output of such methods. Special attention is paid to suggestions that have been made to incorporate parameter uncertainty. Finally, the need to test for usually maintained assumptions, such as rationality of expectations, is emphasized.

New Economics Papers: this item is included in nep-cmp, nep-dge, nep-hpe and nep-mac
Date: 2002
View list of references

Downloads: (external link)
http://eprints.ucm.es/7692/ (application/pdf)

Related works:
Journal Article: The role of simulation methods in Macroeconomics (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ucm:doicae:0227

Access Statistics for this paper

More papers in Documentos del Instituto Complutense de Análisis Económico from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales
Contact information at EDIRC.
Series data maintained by ().