General Equilibrium Restrictions for Dynamic Factor Models
نویسندگان
چکیده
منابع مشابه
Identifiability of Dynamic Stochastic General Equilibrium Models with Covariance Restrictions
This article is concerned with identification problem of parameters of Dynamic Stochastic General Equilibrium Models with emphasis on structural constraints, so that the number of observable variables is equal to the number of exogenous variables. We derived a set of identifiability conditions and suggested a procedure for a thorough analysis of identification at each point in the parameters sp...
متن کاملDynamic Stochastic General-equilibrium Models of Fluctuations
Our analysis of macroeconomic fluctuations in the previous two chapters has developed two very incomplete pieces. In Chapter 5, we considered a full intertemporal macroeconomic model built from microeconomic foundations with explicit assumptions about the behavior of the underlying shocks. The model generated quantitative predictions about fluctuations, and is therefore an example of a quantita...
متن کاملSolving Dynamic Stochastic Competitive General Equilibrium Models
The Scarf algorithm was the Þrst practical, almost surely convergent method for computing general equilibria of competitive models. The current focus of much computational research is computing equilibrium of dynamic stochastic models. While many of these models are examples of Arrow-Debreu equilibria, Scarfs algorithm and subsequent homotopy methods cannot be applied directly since they have ...
متن کاملParallel algorithm for solving large-scale dynamic general equilibrium models
We present a parallel algorithm for computing an equilibrium path in a large-scale economic growth model. We exploit the special block structure of the nonlinear systems of equations common in such models. Our algorithm is based on an iterative method of Gauss-Seidel type with prices of different time periods calculated simultaneously rather than recursively. We have implemented the parallel al...
متن کاملLinking dynamic economic and ecological general equilibrium models
Although ecosystems provide myriad services to economies, only one service is considered in most renewable-resource models. The general equilibrium bioeconomic model introduced here admits a second service, and more importantly it accounts for how the two services are impacted by interactions within an eight-species ecosystem and interactions within a regional economy. Endangered Steller sea li...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1594179