Parameter Learning In General Equilibrium PDF Download
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Author | : Pierre Collin-Dufresne |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : Economics |
ISBN | : |
Download Parameter Learning in General Equilibrium Book in PDF, ePub and Kindle
Parameter learning strongly amplifies the impact of macro shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumption risks. We consider general equilibrium models with unknown parameters governing either long-run economic growth, the variance of shocks, rare events, or model selection. Overall, parameter learning generates long-lasting, quantitatively significant additional macro risks that help explain standard asset pricing puzzles.
Author | : Pierre Collin-Dufresne |
Publisher | : |
Total Pages | : 45 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Parameter Learning in General Equilibrium Book in PDF, ePub and Kindle
Parameter learning strongly amplifies the impact of macro shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumption risks. We consider general equilibrium models with unknown parameters governing either long-run economic growth, rare events, or model selection. Overall, parameter learning generates long-lasting, quantitatively significant additional macro risks that help explain standard asset pricing puzzles.
Author | : Mary E. Burfisher |
Publisher | : Cambridge University Press |
Total Pages | : 367 |
Release | : 2011-02-21 |
Genre | : Business & Economics |
ISBN | : 113949659X |
Download Introduction to Computable General Equilibrium Models Book in PDF, ePub and Kindle
Computable general equilibrium (CGE) models are widely used by governmental organizations and academic institutions to analyze the economy-wide effects of events such as climate change, tax policies and immigration. This book provides a practical, how-to guide to CGE models suitable for use at the undergraduate college level. Its introductory level distinguishes it from other available books and articles on CGE models. The book provides intuitive and graphical explanations of the economic theory that underlies a CGE model and includes many examples and hands-on modeling exercises. It may be used in courses on economics principles, microeconomics, macroeconomics, public finance, environmental economics and international trade and finance, because it shows students the role of theory in a realistic model of an economy. The book is also suitable for courses on general equilibrium models and research methods and for professionals interested in learning how to use CGE models.
Author | : David W. Roland-Holst |
Publisher | : |
Total Pages | : 50 |
Release | : 1988 |
Genre | : |
ISBN | : |
Download Parameter Choice for Computable General Equilibrium Models Book in PDF, ePub and Kindle
Author | : Jing Liu |
Publisher | : |
Total Pages | : 0 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download Parameter estimation and measures of fit in a global, general equilibrium model Book in PDF, ePub and Kindle
Author | : Channing Arndt |
Publisher | : |
Total Pages | : 32 |
Release | : 1999 |
Genre | : |
ISBN | : |
Download Parameter Estimation for a Computable General Equilibrium Model Book in PDF, ePub and Kindle
Author | : Xiao-guang Zhang |
Publisher | : |
Total Pages | : |
Release | : 2006 |
Genre | : |
ISBN | : |
Download Armington Parameter Estimation for a Computable General Equilibrium Model Book in PDF, ePub and Kindle
Author | : Simon Koesler |
Publisher | : |
Total Pages | : 28 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Specifying Parameters in Computable General Equilibrium Models Using Optimal Fingerprint Detection Methods Book in PDF, ePub and Kindle
Author | : Hans Lofgren |
Publisher | : Intl Food Policy Res Inst |
Total Pages | : 43 |
Release | : 2000 |
Genre | : Social Science |
ISBN | : 0896293394 |
Download Exercises in General Equilibrium Modeling Using GAMS Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
Download Selecting Parameter Values for General Equilibrium Model Simulations Book in PDF, ePub and Kindle
The Tax and Expenditure Policy researchers examine the range of parameter values for equilibrium model simulations.