DYNAMIC MODELS

Solving dynamic models: Theory and Applications

Coordinatore	UNIVERSITAET ZUERICH    more 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

#	participant	country	role	EC contrib. [€]
1	UNIVERSITAET ZUERICH  Organization address address: Raemistrasse 71 city: ZURICH postcode: 8006 contact info Titolo: Prof. Nome: Felix Egbert Cognome: Kübler Email: send email Telefono: +41 44 634 41 06	CH (ZURICH)	hostInstitution	1˙114˙800.00

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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.'