Search Results - subject:"equations"

Estimating temptation and commitment over the life-cycle

Kovacs, Agnes; Low, Hamish; Moran, Patrick - 2020

This paper estimates the importance of temptation (Gul and Pesendorfer, 2001) for consumption smoothing and asset accumulation in a structural life-cycle model. We use two complementary estimation strategies: ﬁrst, we estimate the Euler equation of this model; and second we match liquid and...

Persistent link: https://www.econbiz.de/10012253295

Empirical evidence on the Euler equation for investment in the US

Ascari, Guido; Haque, Qazi; Magnusson, Leandro M.; … - 2021

Persistent link: https://www.econbiz.de/10012632091

A new efficient approximation scheme for solving high-dimensional semilinear PDEs : control variate method for Deep BSDE solver

Takahashi, Akihiko; Tsuchida, Yoshifumi; Yamada, Toshihiro - 2021 - This version : August 10, 2021

Persistent link: https://www.econbiz.de/10012616192

Inflation expectations and consumer spending : micro-data evidence

Kikuchi, Junichi; Nakazono, Yoshiyuki - 2020

Persistent link: https://www.econbiz.de/10012404425

What matters in households' inflation expectations?

Andrade, Philippe; Gautier, Erwan; Mengus, Eric - 2020 - This version: December 2020

We provide evidence that households discretize their inflation expectations so that what matters for durable consumption decisions is the broad inflation regime they expect. Using survey data, we document that a large share of the adjustment in the average inflation expectation comes from the...

Persistent link: https://www.econbiz.de/10012429199

A deep neural network algorithm for semilinear elliptic PDEs with applications in insurance mathematics

Kremsner, Stefan; Steinicke, Alexander; Szölgyenyi, … - In: Risks : open access journal 8 (2020) 4/136, pp. 1-18

deterministic semilinear (degenerate) elliptic partial differential equations. In the present paper we propose a novel deep neural … network algorithm for solving such partial differential equations in high dimensions in order to be able to compute the … partial differential equations to backward stochastic differential equations with unbounded random terminal time. In …

Persistent link: https://www.econbiz.de/10012391761

Computing time-consistent equilibria : a perturbation approach

Dennis, Richard J. - 2020

Persistent link: https://www.econbiz.de/10012542431

Factor adjustments and liquidity management : evidence from Japan's two lost decades and financial crises

Mizobata, Hirokazu; Teruyama, Hiroshi - 2020

Persistent link: https://www.econbiz.de/10012549222

Household balance sheet channels of monetary policy : a back of the envelope calculation for the Euro area

Slacalek, Jirka; Tristani, Oreste; Violante, Giovanni L. - 2020

Persistent link: https://www.econbiz.de/10012179076

Nonparametric Euler equation identification and estimation

Escanciano, Juan Carlos; Hoderlein, Stefan; Lewbel, Arthur - 2015

functions up to scale, in consumption based asset pricing Euler equations. Ours is the first paper to prove nonparametric … identification of Euler equations under low level conditions (without imposing functional restrictions or just assuming completeness …

Persistent link: https://www.econbiz.de/10011341255