| 000 | 02379cam a22003497 4500 | ||
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| 001 | w16304 | ||
| 003 | NBER | ||
| 005 | 20211020111112.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2010 mau fo 000 0 eng d | ||
| 100 | 1 | _aMaliar, Serguei. | |
| 245 | 1 | 0 |
_aSolving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods / _cSerguei Maliar, Lilia Maliar, Kenneth L. Judd. |
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_aCambridge, Mass. _bNational Bureau of Economic Research _c2010. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w16304 |
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| 500 | _aAugust 2010. | ||
| 520 | 3 | _aWe 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. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aC63 - Computational Techniques • Simulation Modeling _2Journal of Economic Literature class. |
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| 690 | 7 |
_aC68 - Computable General Equilibrium Models _2Journal of Economic Literature class. |
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| 700 | 1 |
_aMaliar, Lilia. _915919 |
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_aJudd, Kenneth L. _913819 |
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| 710 | 2 | _aNational Bureau of Economic Research. | |
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_aWorking Paper Series (National Bureau of Economic Research) _vno. w16304. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w16304 |
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_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w16304 |
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_2ddc _cW-PAPER |
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_c331819 _d290381 |
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