General equilibrium models and homotopy methods
Article Abstract:
Homotopy methods are the only theoretically sound algorithms for computing general equilibria models. These methods play a particularly important role in the analysis of large equilibrium models that can be used to anticipate changes in an economy following policy changes or shock events. In addition, homotopy methods are also valuable in the study of market instabilities, comparative statics, tatonnement, and the multiplicity of equilibria.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1999
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Computing equilibrium in OLG models with stochastic production
Article Abstract:
A projection algorithm, which allows to compute equilibria for models with multiple generations and aggregate uncertainty, is developed.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2004
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Computing equilibria in infinite-horizon finance economies: The case of one asset
Article Abstract:
Computing equilibria in dynamic models with incomplete asset markets is discussed.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2000
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