EconPapers    
Economics at your fingertips  
 

Computational suite of models with heterogeneous agents II: Multi-country real business cycle models

Wouter J. Den Haan, Kenneth Judd () and Michel Juillard ()

Journal of Economic Dynamics and Control, 2011, vol. 35, issue 2, 175-177

Abstract: This paper describes the second model considered in the computational suite project that compares the performance of different numerical algorithms. It is a multi-country model in which countries face different productivity shocks. Solving such models is a challenging numerical problem unless the number of countries is small. The solutions are functions of a large set of arguments and the functional forms are unknown. Moreover, the solution procedures have to deal with high-dimensional integration problems.

Keywords: Numerical; solutions; Simulations; Approximations (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (17) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165-1889(10)00214-9
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Computational suite of models with heterogeneous agents: Multi-country real business cycle models (2010) Downloads
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: https://EconPapers.repec.org/RePEc:eee:dyncon:v:35:y:2011:i:2:p:175-177

Access Statistics for this article

Journal of Economic Dynamics and Control is currently edited by J. Bullard, C. Chiarella, H. Dawid, C. H. Hommes, P. Klein and C. Otrok

More articles in Journal of Economic Dynamics and Control from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-10-13
Handle: RePEc:eee:dyncon:v:35:y:2011:i:2:p:175-177