Showing 1 - 10 of 13
This study seeks to construct a basic reinforcement learning-based AI-macroeconomic simulator. We use a deep RL (DRL) approach (DDPG) in an RBC macroeconomic model. We set up two learning scenarios, one of which is deterministic without the technological shock and the other is stochastic. The...
Persistent link: https://www.econbiz.de/10015059665
The application of Deep Reinforcement Learning (DRL) in economics has been an area of active research in recent years. A number of recent works have shown how deep reinforcement learning can be used to study a variety of economic problems, including optimal policy-making, game theory, and...
Persistent link: https://www.econbiz.de/10015059901
This study seeks to construct a basic reinforcement learning-based AI-macroeconomic simulator. We use a deep RL (DRL) approach (DDPG) in an RBC macroeconomic model. We set up two learning scenarios, one of which is deterministic without the technological shock and the other is stochastic. The...
Persistent link: https://www.econbiz.de/10014256874
Persistent link: https://www.econbiz.de/10009616458
Learning from the past is critical for shaping the future, especially when it comes to economic policymaking. Building upon the current methods in the application of Reinforcement Learning (RL) to the large language models (LLMs), this paper introduces Reinforcement Learning from Experience...
Persistent link: https://www.econbiz.de/10015080332
In this study we introduce and apply a set of machine learning and artificial intelligence techniques to analyze multi-dimensional fragility-related data. Our analysis of the fragility data collected by the OECD for its States of Fragility index showed that the use of such techniques could...
Persistent link: https://www.econbiz.de/10015059167
Persistent link: https://www.econbiz.de/10010208921
Persistent link: https://www.econbiz.de/10011792980
Political economy analysis deals, basically, with modeling and interpreting the dynamics of a multi-agent economic/political sphere. This paper proposes a new technique for analysis of political economy in a game-theoretical framework based on multi-criteria decision making methods (MCDMs). To...
Persistent link: https://www.econbiz.de/10014192024
IMF country teams have become increasingly engaged on health spending issues in surveillance and program work, and more so since the COVID-19 pandemic. The primary objectives of health spending are to improve health outcomes and provide protection to households against high financial costs of...
Persistent link: https://www.econbiz.de/10015058966