Equilibrium heterogeneous-agent models as measurement tools: some Monte Carlo evidence

DOI10.1016/J.JEDC.2013.12.003zbMath1402.91524OpenAlexW2169242611MaRDI QIDQ1994380

Marco Cozzi

Publication date: 1 November 2018

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

Full work available at URL: https://ageconsearch.umn.edu/record/274075/files/qed_wp_1277.pdf

zbMATH Keywords

Monte Carloheterogeneous agentsincomplete marketswelfareex-ante policy evaluation

Mathematics Subject Classification ID

Numerical methods (including Monte Carlo methods) (91G60) Macroeconomic theory (monetary models, models of taxation) (91B64) Experimental studies (91A90) Heterogeneous agent models (91B69)

Related Items (1)

Empirical properties of a heterogeneous agent model in large dimensions

Cites Work

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• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Estimating the rational expectations model of speculative storage: a Monte Carlo comparison of three simulation estimators
• Optimal unemployment insurance in GE: a robust calibration approach
• Flat tax reform: A quantitative exploration
• Sensitivity Analysis and Model Evaluation in Simulated Dynamic General Equilibrium Economies
• Elimination of Social Security in a Dynastic Framework
• The Effects of Health, Wealth, and Wages on Labour Supply and Retirement Behaviour

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