A new global optimization algorithm simulated.annealing, is tested on a difficult econometric problem. The authors find that simulated annealing performs better than conventional algorithms. Citation Copyright 1992 by Kluwer Academic Publishers.

This paper presents a network model of financial flow of funds accounting which can be used to calculate reconciled values of all outstanding financial instruments, tangible assets, and net worth. The model captures the accounting identities which must hold and permits the estimation of sector...

This paper describes how vector processing, a supercomputer technique, can be useful in analyzing and evaluating the performance of large-scale nonlinear econometric models. The efficacy of the proposed procedures is illustrated through experiments performed on macromodels developed at the...

To estimate the economic policy effects of per unit policy change the conventional policy multipliers, as a measure of policy effects can be easily calculated from the traditional dynamic econometric model without expectations variables. However, the past decade has witnessed much research and...

This paper presents the methodology used to construct reliable estimates of the term structure of interest rates for the United States during 1919-30. These monthly term structures are based on individual corporate bonds' price quotations for the majority of U.S. railroad corporations' issues of...

To get a better impression of the quantitative relationships in/of the various channels of macroeconomic models, E. Kuh, J. Neese, and P. Hollinger (1982, 1985) introduced the technique of systematic parameter perturbation. This technique is applied to the RWI-business cycle model, a medium...

This paper reviews work on the development of a program "Nasa" for the automated comparative static analysis of parameterized nonlinear systems over parameter intervals. "Nasa" incorporates a fast and efficient algorithm "Feed" for the automatic evaluation of higher-order partial derivatives, as...

The ordering of the equations for a nonlinear model plays an important role in the performance of solution algorithms using iterative processes. The paper comments on what is often referred to be an optimal ordering. Citation Copyright 1992 by Kluwer Academic Publishers.