Many dynamic problems in economics are characterized by large state spaces, which make both computing and estimating the model infeasible. We introduce a method for approximating the value function of high-dimensional dynamic models based on sieves and establish results for the: (a) consistency,...

This paper compares alternative models of time-varying macroeconomic volatility on the basis of the accuracy of point and density forecasts of macroeconomic variables. In this analysis, we consider both Bayesian autoregressive and Bayesian vector autoregressive models that incorporate some form...

В статье рассмотрены проблемы российского рынка труда и поставлены задачи имитационного моделирования структуры, состояния и развития рынка труда....

Статья посвящена вопросам повышения конкурентоспособности предприятия с помощью сбалансированной системы показателей и использования методов...

In 2008, the Utah Retirement System experienced a negative return of almost 25 percent on its portfolio. This resulted in an underfunding of the pension system. In 2010 the Utah legislature reformed state pension participation, placing all new employees hired after mid-2011 in a new hybrid...

This paper presents a computer based simulation model which analyses the dynamics of public perceptions of risk using Bovine Spongiform Encephalopathy (BSE) ('mad cow disease') in the UK as a case study. The model is based upon a theoretically-derived understanding of the concept of perception...