A robust method for simulating forward-looking models

Article Abstract:

The Newton method and the Fair-Taylor approach showed that the stacked Newton method is a practical option for medium-sized economic models. However, empirical comparisons indicate that the superior convergence characteristics of integrated dynamic simulator-Newton procedure (IDS-N) for linear models carry over nonlinear models. ISD-N seems to be more robust than Fair-Taylor methods in two ways, but results cannot be applied to all macroeconomic models and all experiments.

Models, Mathematical models, Macroeconomics, Robust statistics, Robustness (Statistics)

---

Inflation targeting with NAIRU uncertainty and endogenous policy credibility

Article Abstract:

Monetary policy performance is compared using different models and assumptions relating to expectations of inflation.

Inflation (Finance), Inflation (Economics)

---

Simplicity versus optimality: the choice of monetary policy rules when agents must learn

Article Abstract:

Monetary policy options are assessed in circumstances where agents need to learn rules.

Similar abstracts:

• Abstracts: The open method as a new mode of governance: the case of soft economic policy co-ordination. Quota Hopping: The Common Fisheries Policy Between States and Markets
• Abstracts: A Keynesian macroeconometric framework for the analysis of monetary policy rules. Endogenous growth: estimating the Romer model for the US and Germany
• Abstracts: Automatic ARIMA modeling including interventions, using time series expert software. Out-of-sample tests of forecasting accuracy: an analysis and review
• Abstracts: Payoff information and self-confirming equilibrium. Imitation processes with small mutations. Learning purified mixed equilibria
• Abstracts: Peripherality in economic geography and modern growth theory: evidence from Ireland's adjustment to free trade

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.