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

Wouter J. Den Haan (), Kenneth Judd () and Michel Juillard ()
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Wouter J. Den Haan: Advisory Board of OA Cancer - University of Amsterdam

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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: 2010-12-17
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00765828
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Published in Journal of Economic Dynamics & Control, Elsevier, 2010, 35 (2), pp.175. <10.1016/j.jedc.2010.09.010>

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Journal Article: Computational suite of models with heterogeneous agents II: Multi-country real business cycle models (2011) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00765828

DOI: 10.1016/j.jedc.2010.09.010

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