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
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Citations: View citations in EconPapers (18)

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

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