We propose a general protocol for calibration and validation of complex simulation models by an approach based on …

COVID-19 observations and discusses their impact on prior calibration for inference and forecasting purposes. It shows that …-section of information is used. Besides the error structure, this paper shows that the standard Minnesota prior calibration is an … nominal variables. To alleviate this sensitivity, an outlier-robust prior calibration is proposed. …

fast calibration to the market swaption surface, we apply the Gram-Charlier expansion to calculate the swaption prices in …

part of HFCS. We apply the calibration method of Blanchet, Flores and Morgan (2022), but propose a new way to determine the … merging point where the calibration starts. Calibrated weights are then used with HFCS wealth values. We test the method on … Austrian data and find that calibration increases the top 1 % wealth share from 26 % to 37 % in 2014 and from 23 % to 27 % in …