Search Results - subject:"euler equations"

No bank, one bank, several banks: does it matter for investment?

Karaivanov, Alexander; Ruano, Sonia; Saurina, Jesús; … - Banco de España - 2010

This paper examines whether financial constraints affect firms’ investment decisions for older (larger) firms. We compare a group of unbanked firms to firms that rely on formal financing. Specifically, we combine data from the Spanish Mercantile Registry and the Bank of Spain Credit Registry...

Persistent link: https://www.econbiz.de/10008540441

Existence of Singularity Bifurcation in an Euler-Equations Model of the United States Economy: Grandmont was Right

Barnett, William A.; He, Susan - Volkswirtschaftliche Fakultät, … - 2009

. Lucas-critique criticism of Keynesian structural models has motivated development of Euler equations models having policy …-relevant bifurcation by searching the parameter space of the best known of the Euler equations general-equilibrium macroeconometric models … model, to New Keynesian models, and now to Euler equations macroeconomic models having deep parameters. …

Persistent link: https://www.econbiz.de/10005619286

Inviscid limit for 2D stochastic Navier–Stokes equations

Cipriano, Fernanda; Torrecilla, Iván - In: Stochastic Processes and their Applications 125 (2015) 6, pp. 2405-2426

the corresponding stochastic Euler equations. …

Persistent link: https://www.econbiz.de/10011209775

Testing the optimality of consumption decisions of the representative household : evidence from Brazil

Costa, Marcos Gesteira; Gutiérrez, Carlos Enrique Carrasco - In: Revista brasileira de economia : RBE ; revista da … 69 (2015) 3, pp. 373-387

Persistent link: https://www.econbiz.de/10011447293

Intertemporal Consumption with Directly Measured Welfare Functions and Subjective Expectations

van soest, arthur; Kapteyn, A.; Kleinjans, K. - Tilburg University, Center for Economic Research - 2008

Euler equation estimation of intertemporal consumption models requires many, often unverifiable assumptions. These include assumptions on expectations and preferences. We aim at reducing some of these requirements by using direct subjective information on respondents’ preferences and...

Persistent link: https://www.econbiz.de/10011092114

On a stochastic Leray-α model of Euler equations

Barbato, David; Bessaih, Hakima; Ferrario, Benedetta - In: Stochastic Processes and their Applications 124 (2014) 1, pp. 199-219

We deal with the 3D inviscid Leray-α model. The well posedness for this problem is not known; by adding a random perturbation we prove that there exists a unique (in law) global solution. The random forcing term formally preserves conservation of energy. The result holds for the initial...

Persistent link: https://www.econbiz.de/10011064935

Hydrodynamics from kinetic models of conservative economies

Düring, B.; Toscani, Giuseppe - 2007

In this paper, we introduce and discuss the passage to hydrodynamic equations for kinetic models of conservative economies, in which the density of wealth depends on additional parameters, like the propensity to invest. As in kinetic theory of rarefied gases, the closure depends on the knowledge...

Persistent link: https://www.econbiz.de/10010266944

Intertemporal Consumption with Directly Measured Welfare Functions and Subjective Expectations

Kleinjans, Kristin J.; van soest, arthur; Kapteyn, Arie - RAND - 2007

Euler equation estimation of intertemporal consumption models imposes heavy demands on data and identifiability conditions. For example, one typically needs panel data on consumption, assumptions on expectations, and a parameterization of preferences. The authors aim at reducing some of these...

Persistent link: https://www.econbiz.de/10005526944

Non-Robust Dynamic Inferences from Macroeconometric Models: Bifurcation Stratification of Confidence Regions

Barnett, William A.; Duzhak, Evgeniya A. - Volkswirtschaftliche Fakultät, … - 2007

Grandmont (1985) found that the parameter space of the most classical dynamic models are stratified into an infinite number of subsets supporting an infinite number of different kinds of dynamics, from monotonic stability at one extreme to chaos at the other extreme, and with many forms of...

Persistent link: https://www.econbiz.de/10005617012

Non-Robust Dynamic Inferences from Macroeconometric Models: Bifurcation Stratification of Confidence Regions

Barnett, William; Duzhak, Evgeniya Aleksandrovna - Department of Economics, University of Kansas - 2006

structural models by the Lucas critique have motivated development of Euler equations models having policy-invariant deep … policy-relevant bifurcation by searching the parameter space of the best known of the Euler equations macroeconometric models …. . Keywords: Bifurcation, Hopf bifurcation, Euler equations, New Keynesian macroeconometrics, Bergstrom-Wymer model. 1 …

Persistent link: https://www.econbiz.de/10005106594