Feng, Zhigang; Miao, Jianjun; Peralta-Alva, Adrian; … - Federal Reserve Bank of St. Louis - 2009
algorithm. Section 3 studies the numerical implementation of our algorithm and its convergence
3
properties. Sections 4 to 6 …
,...,z
t
) ∈ Z
t
is a history of shocks,
often called a date-event or node. Let y denote the vector of all other endogenous … the numeraire commodity of the system at each date-event. For a given rental rate r
t
and wage
12
w
t
, household i offers …