Assessing the accuracy of the aggregate law of motion in models with heterogeneous agents

DOI10.1016/j.jedc.2008.12.009zbMath1179.91216OpenAlexW3125895214MaRDI QIDQ1046048

Wouter J. Den Haan

Publication date: 21 December 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2008.12.009

zbMATH Keywords

approximationssimulationsnumerical solutions

Mathematics Subject Classification ID

Monte Carlo methods (65C05) Economic time series analysis (91B84) Heterogeneous agent models (91B69)

Related Items (10)

The cyclicality of entry and exit: the role of imperfect information ⋮ DEEP EQUILIBRIUM NETS ⋮ Optimal policies with heterogeneous agents: truncation and transitions ⋮ MONETARY POLICY AND INEQUALITY: HOW DOES ONE AFFECT THE OTHER? ⋮ A method for solving and estimating heterogeneous agent macro models ⋮ Solving heterogeneous-agent models by projection and perturbation ⋮ Comparison of solutions to the incomplete markets model with aggregate uncertainty ⋮ Solving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithm and non-stochastic simulations ⋮ Solving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithm ⋮ Solving the incomplete markets model with aggregate uncertainty using explicit aggregation

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• Accuracy of Numerical Solutions Using the Euler Equation Residuals
• Accuracy of Simulations for Stochastic Dynamic Models

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