DYNAMIC MODELS
Solving dynamic models: Theory and Applications
| Coordinatore | UNIVERSITAET ZUERICH
Spiacenti, non ci sono informazioni su questo coordinatore. Contattare Fabio per maggiori infomrazioni, grazie. |
| Nazionalità Coordinatore | Switzerland [CH] |
| Totale costo | 1˙114˙800 € |
| EC contributo | 1˙114˙800 € |
| Programma | FP7-IDEAS-ERC
Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) |
| Code Call | ERC-2011-StG_20101124 |
| Funding Scheme | ERC-SG |
| Anno di inizio | 2011 |
| Periodo (anno-mese-giorno) | 2011-10-01 - 2016-09-30 |
Partecipanti
| # | ||||
|---|---|---|---|---|
| 1 |
UNIVERSITAET ZUERICH
Organization address
address: Raemistrasse 71 contact info |
CH (ZURICH) | hostInstitution | 1˙114˙800.00 |
Mappa
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Obiettivo del progetto (Objective)
'The computation of equilibria in dynamic stochastic general equilibrium models with heterogeneous agents has become increasingly important in macroeconomics and public finance. For a given example-economy, i.e. a given specification of preferences, technologies and market-arrangements these methods compute an (approximate) equilibrium and allow for quantitative statements about one equilibrium of the example-economy. Through these so-called 'computational experiments' many economic insights can be obtained by analyzing quantitative features of realistically calibrated models. Unfortunately, economists often use ad hoc computational methods with poorly understood properties that produce approximate solutions of unknown quality. The research-project outlined in this proposal has three goals: Building theoretical foundations for analyzing dynamic equilibrium models, developing efficient and stable algorithms for the computation of equilibria in large scale models and applying these algorithms to macroeconomic policy analysis.'