Computational suite of models with heterogeneous agents II: Multi-country real business cycle models
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| Publication date | 2011 |
| Journal | Journal of Economic Dynamics & Control |
| Volume | Issue number | 35 | 2 |
| Pages (from-to) | 175-177 |
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| Abstract | This paper describes the second model considered in the computational suite project that compares the performance of different numerical algorithms. It is a multi-country model in which countries face different productivity shocks. Solving such models is a challenging numerical problem unless the number of countries is small. The solutions are functions of a large set of arguments and the functional forms are unknown. Moreover, the solution procedures have to deal with high-dimensional integration problems. |
| Document type | Article |
| Language | English |
| Published at |
https://doi.org/10.1016/j.jedc.2010.09.010
(Final published version)
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