On non-computability of dynamic stochastic general equilibrium

William Glaciel

No 23ep9, OSF Preprints from Center for Open Science

Abstract: As can be seen in Richter and Wong (1999), non-computability of general equilibrium has been recognized in economics. However, despite general non-computability, equilibrium can indeed be computed in specific cases. In this paper, further restriction on computability of equilibrium is provided in contexts of dynamic stochastic general equilibrium (DSGE) models with heterogeneous agents, demonstrating that non-computability concerns apply more generally than often understood.

Date: 2020-03-24
New Economics Papers: this item is included in nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:23ep9

DOI: 10.31219/osf.io/23ep9

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