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Simulations of the Current Account in a Multicountry Rational Expectations Econometric Model
Current Account Econometric Model
2015/8/4
Simulations of the Current Account in a Multicountry Rational Expectations Econometric Model.
Solving nonlinear dynamic stochastic models: An algorithm computing value function by simulations
Nonlinear stochastic models Value function Parameterized expectations Monte Carlo simulations Numerical solutions
2015/7/21
This paper presents an algorithm for solving nonlinear dynamic stochastic models that computes value function by simulations. We argue that the proposed algorithm can be a useful alternative to the ex...