| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16304 |
| 来源ID | Working Paper 16304 |
| Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods | |
| Serguei Maliar; Lilia Maliar; Kenneth L. Judd | |
| 发表日期 | 2010-08-27 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We use the stochastic simulation algorithm, described in Judd, Maliar and Maliar (2009), and the cluster-grid algorithm, developed in Judd, Maliar and Maliar (2010a), to solve a collection of multi-country real business cycle models. The following ingredients help us reduce the cost in high-dimensional problems: an endogenous grid enclosing the ergodic set, linear approximation methods, fixed-point iteration and efficient integration methods, such as non-product monomial rules and Monte Carlo integration combined with regression. We show that high accuracy in intratemporal choice is crucial for the overall accuracy of solutions and offer two approaches, precomputation and iteration-on-allocation, that can solve for intratemporal choice both accurately and quickly. We also implement a hybrid solution algorithm that combines the perturbation and accurate intratemporal-choice methods. |
| 主题 | Microeconomics ; Mathematical Tools |
| URL | https://www.nber.org/papers/w16304 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573978 |
| 推荐引用方式 GB/T 7714 | Serguei Maliar,Lilia Maliar,Kenneth L. Judd. Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16304.pdf（539KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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