Search Results - subject:"empirical Distribution"

Hildenbrand Distribution Economies as Limiting Empirical Distributions of Random Economies

Hohnisch, Martin - 2003

integer lattice Zd is established in this paper by a convergence result for the empirical distribution of the latter. For any … limiting empirical distribution v is equivalent to a Hildenbrand distribution economy characterized by the same distribution v …

Persistent link: https://www.econbiz.de/10010263096

Evaluation of Dynamic Stochastic General Equilibrium Models Based on Distributional Comparison of Simulated and Historical Data

Corradi, Valentina; Swanson, Norman R. - 2003

distribution of historical time series with the empirical distribution of simulated time series. The tool draws on recent advances …

Persistent link: https://www.econbiz.de/10010263218

The role of expectations in economic fluctuations and the efficacy of monetary policy

Kurz, Mordecai; Jin, Hehui; Motolese, Maurizio - 2003

We show diverse beliefs is an important propagation mechanism of fluctuations, money non neutrality and efficacy of monetary policy. Since expectations affect demand, our theory shows economic fluctuations are mostly driven by varying demand not supply shocks. Using a competitive model with...

Persistent link: https://www.econbiz.de/10010298249

The role of expectations in economic fluctuations and the efficacy of monetary policy

Kurz, Mordecai; Jin, Hehui; Motolese, Maurizio - Center for Financial Studies - 2003

Persistent link: https://www.econbiz.de/10010986484

Hildenbrand Distribution Economies as Limiting Empirical Distributions of Random Economies

Hohnisch, Martin - University of Bonn, Germany - 2003

Persistent link: https://www.econbiz.de/10004989628

Bayesian Fan Charts for U.K. Inflation: Forecasting and Sources of Uncertainty in an Evolving Monetary System

Cogley, Timothy; Morozov, Sergei; Sargent, Thomas J. - Center for Financial Studies - 2003

We estimate a Bayesian vector autoregression for the U.K. with drifting coefficients and stochastic volatilities. We use it to characterize posterior densities for several objects that are useful for designing and evaluating monetary policy, including local approximations to the mean,...

Persistent link: https://www.econbiz.de/10005022410

The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy

Jin, Hehui; Motolese, Maurizio - Center for Financial Studies - 2003

stationarity, Empirical distribution An earlier version was presented at the research conference ”Expectations, Learning and … variables. With this knowledge they compute the empirical distribution of observed variables and use it to construct an … the agent can compute the empirical distribution of observed variables and hence the empirical probability measure the …

Persistent link: https://www.econbiz.de/10005022413

Asymptotic interpretations for equilibria of nonatomic games

Yang, Jian - In: Journal of Mathematical Economics 47 (2011) 4-5, pp. 491-499

We show that a mixed equilibrium of a semi-anonymous nonatomic game can be used to generate pure-strategy profiles for finite games randomly generated from the type distribution of the nonatomic game. As the numbers of players involved in the finite games increase, the generated profiles will be...

Persistent link: https://www.econbiz.de/10010875255

Rates of almost sure convergence of plug-in estimates for distortion risk measures

Zähle, Henryk - In: Metrika 74 (2011) 2, pp. 267-285

Persistent link: https://www.econbiz.de/10009324800

International Evidence on the Efficacy of new-Keynesian Models of Inflation Persistence

Swanson, Norman R.; Korenok, Oleg; Radchenko, Stanislav - Department of Economics, Rutgers University-New Brunswick - 2011

We take an agnostic view of the Phillips curve debate, and carry out an empirical investigation of the relative and absolute efficacy of Calvo sticky price (SP), sticky information (SI), and sticky price with indexation models (SPI), with emphasis on their ability to mimic inflationary dynamics....

Persistent link: https://www.econbiz.de/10009372765