Search Results - subject:"dynamic stochastic"

EVPI-Based Importance Sampling Solution Procedures for Multistage Stochastic Linear Programmes on Parallel MIMD Architectures

Dempster, M. A. H.; Thompson, R. T. - Judge Business School, University of Cambridge

Multistage stochastic linear programming has many practical applications for problems whose current decisions have to be made under future uncertainty. There are a variety of methods for solving the deterministic equivalent forms of these dynamic problems, including the simplex and interior...

Persistent link: https://www.econbiz.de/10005634822

Applied Computational Economics and Finance

Miranda, Mario J.; Fackler, Paul L. - The MIT Press

, numerical integration and differentiation, and function approximation. The second part presents methods for solving dynamic … stochastic models in economics and finance, including dynamic programming, rational expectations, and arbitrage pricing models in …

Persistent link: https://www.econbiz.de/10005233395

Financial Intermediation and Monetary Policy in a Small Open Economy

Sarmiento, Juan David Prada - Banco de la Republica de Colombia

This paper analyses the role of a costly financial system in the transmission of monetary policy. The new-keynesian model for a small open economy is extended with a simple financial system based in Hamann and Oviedo (2006). The presence of the financial intermediation naturally allows the...

Persistent link: https://www.econbiz.de/10005274454

The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation

Schmidt, Sebastian; Wieland, Volker - In: Handbook of Computable General Equilibrium Modeling

. Building blocks of current-generation dynamic stochastic general equilibrium models are discussed in detail. These models …

Persistent link: https://www.econbiz.de/10010719535