Catálogo de publicaciones - tesis
Título de Acceso Abierto
Some useful results for the simulation of non optimal general equilibrium economies
Damián Pierri
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Resumen/Descripción – provisto por el repositorio digital
"This paper investigates the empirical evaluation of infinite horizon non-optimal economies by means of numerical simulations. In particular, the paper answers the following question: is it possible to derive a general framework which guarantees that numerical simulations truly reflect the behavior of endogenous variables in the model?. Under mild assumptions, this paper provides an affirmative answer to this question for endowment economies with incomplete markets and infinitely many exogenous states. For this type of models, the paper presents an accurate calibration method. For economies with finitely many shocks, even under stronger assumptions, it is only possible to show that a numerically computable, time independent and recursive representation of the sequential equilibrium generates a stationary Markov process, which is a necessary condition to answer the above mentioned question."Palabras clave – provistas por el repositorio digital
Equilibrium (Economics); Mathematical models; Equilibrio (Economía); Modelos matemáticos
Disponibilidad
| Institución detectada | Año de publicación | Navegá | Descargá | Solicitá |
|---|---|---|---|---|
| No requiere | 2017 | Repositorio Digital San Andrés (SNRD) |
|
Información
Tipo de recurso:
tesis
Idiomas de la publicación
- inglés
País de edición
Argentina
Fecha de publicación
2017-05
Información sobre licencias CC
