Search Results - subject:"parameterized expectations"

Central Bank Learning, Terms of Trade Shocks & Currency Risk: Should Exchange Rate Volatility Matter for Monetary Policy?

Lim, G.C.; McNelis, Paul D. - Department of Economics, Boston College - 2001

This paper examines the role of interest rate policy in a small open economy subject to terms of trade shocks and time-varying currency risk responding to domestic exchange rate volatility. The private sector makes optimal decisions in an intertemporal non-linear setting with...

Persistent link: https://www.econbiz.de/10005053273

Using Parallelization to Solve a Macroeconomic Model: A Parallel Parameterized Expectations Algorithm

Creel, Michael - In: Computational Economics 32 (2008) 4, pp. 343-352

Persistent link: https://www.econbiz.de/10005701751

Optimal taxation without state-contingent debt

Marcet, Albert; Sargent, Thomas J.; Seppala, Juha - Department of Economics and Business, Universitat … - 1996

measurability conditions. We solve the Ramsey problem by formulating it in terms of a Lagrangian, and applying a Parameterized … Expectations Algorithm to the associated first--order conditions. The first--order conditions and numerical impulse response …

Persistent link: https://www.econbiz.de/10005772094

Parameterized Expectations Algorithm: How to Solve for Labor Easily

Maliar, Lilia; Maliar, Serguei - In: Computational Economics 25 (2005) 3, pp. 269-274

-based parameterized expectations algorithm, we find that using the labor-function parameterization instead of the standard consumption …

Persistent link: https://www.econbiz.de/10005701692

Parameterized Expectations Algorithm and the Moving Bounds: a comment on convergence properties

Pérez, Javier J.; Sánchez, A. Jesús - Centro de Estudios Andaluces, Government of Andalusia - 2005

In this paper we analyze the convergence properties of the moving bounds algorithm to initialize the Parameterized … Expectations Algorithm suggested by Maliar and Maliar (2003) [Journal of Business and Economic Statistics 1, pp. 88-92]. We carry …

Persistent link: https://www.econbiz.de/10005157550

A Log-linear Homotopy Approach to Initialize the Parameterized Expectations Algorithm

Pérez, Javier J. - Centro de Estudios Andaluces, Government of Andalusia - 2001

expectations models with the Parameterized Expectations Algorithm. The proposal is based on a log-linear approximation to the model … proposal are: i. it guarantees the ergodicity of the initial time series used as an input to the Parameterized Expectations …

Persistent link: https://www.econbiz.de/10005187548

Approximating and Simulating the Real Business Cycle: Linear Quadratic Methods, Parameterized Expectations, and Genetic Algorithms

McNelis, Paul; Duffy, John - EconWPA - 1997

(including log- linear quadratic) methods, the method of parameterized expectations, and the genetic algorithm. Linear quadratic … (LQ), log-linear quadratic (log- LQ) and parameterized expectations (PE) methods are commonly used in numerical …

Persistent link: https://www.econbiz.de/10005126417