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Wealth survey calibration: Imposing consistency with income tax data
Kolář, Daniel - 2022
part of HFCS. We apply the calibration method of Blanchet, Flores and Morgan (2022), but propose a new way to determine the … merging point where the calibration starts. Calibrated weights are then used with HFCS wealth values. We test the method on … Austrian data and find that calibration increases the top 1 % wealth share from 26 % to 37 % in 2014 and from 23 % to 27 % in …
Persistent link: https://www.econbiz.de/10013394377
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How to keep it adequate: A protocol for ensuring validity in agent-based simulation
Troost, Christian; Huber, Robert; Bell, Andrew R.; van … - In: Environmental Modelling & Software 159 (2023), pp. 1-21
There has so far been no shared understanding of validity in agent-based simulation. We here conceptualise validation as systematically substantiating the premises on which conclusions from simulation analysis for a particular modelling context are built. Given such a systematic perspective,...
Persistent link: https://www.econbiz.de/10013438607
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Policy Complementarities in the Promotion of Electric Vehicles
Burra, Lavan T.; Sommer, Stephan; Vance, Colin - 2023
the question of their optimal calibration. Drawing on county-level panel data from Germany spanning 2014–2021, this paper …
Persistent link: https://www.econbiz.de/10014281561
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Calibration and validation of macroeconomic simulation models: A general protocol by causal search
Martinoli, Mario; Moneta, Alessio; Pallante, Gianluca - 2022
We propose a general protocol for calibration and validation of complex simulation models by an approach based on …
Persistent link: https://www.econbiz.de/10014318968
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The Generalized Gamma distribution as a useful RND under Heston's stochastic volatility model
Boukai, Benzion - In: Journal of Risk and Financial Management 15 (2022) 6, pp. 1-18
We present the Generalized Gamma (GG) distribution as a possible risk neutral distribution (RND) for modeling European options prices under Heston's stochastic volatility (SV) model. We demonstrate that under a particular reparametrization, this distribution, which is a member of the...
Persistent link: https://www.econbiz.de/10014332439
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A Two‐level GREG Estimator for Consistent Estimation in Household Surveys
Konrad, Anne; Burgard, Jan Pablo; Münnich, Ralf - In: International Statistical Review 89 (2021) 3, pp. 635-656
Household surveys provide information on both person‐level and household‐level characteristics. To ensure consistent estimates between both levels, statistical offices often use integrated weights that are equal for all persons within a household and the household itself. However, these...
Persistent link: https://www.econbiz.de/10014485794
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On the ordering of probability forecasts
Krämer, Walter - 2002
The paper explores the relationship between various orderings among probability forecasts that have been suggested in the literature. It is shown that well calibrated forecasters are in general not comparable according to the domination ordering suggested by Vardeman and Meeden (1983), that the...
Persistent link: https://www.econbiz.de/10010316440
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Population toxicokinetics of ethylene: Calibration and preceding investigations
Quinke, Barbara; Selinski, Silvia; Golka, Klaus; … - 2000
- and BAT-values. This paper deals with the calibration, which is indispensable to determine the decline of atmospheric …
Persistent link: https://www.econbiz.de/10010316648
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The aggregate labor market effects of the Swedish knowledge lift program
Albrecht, James; van den Berg, Gerard; Vroman, Susan - 2008
The Swedish adult education program known as the Knowledge Lift (1997-2002) was unprecedented in its size and scope, aiming to raise the skill level of large numbers of low-skill workers. This paper evaluates the potential effects of this program on aggregate labor market outcomes. This is done...
Persistent link: https://www.econbiz.de/10010317901
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A new application of Taylor rules: Model evaluation
Salyer, Kevin; Van Gaasbeck, Kristin - 2000
Taylor rules posit a linear relationship between the output gap, inflation, and short-term nominal interest rates. Previous work has shown that the relationship between these key economic variables as captured by the Taylor rule is quite robust both across countries and monetary policy regimes....
Persistent link: https://www.econbiz.de/10010318600