The numerical analysis for the systems governed by distributed models of Hopfield-type neural networks is studied. When the state space is of dimensional one, a new scheme of numerical solutions based on finite element method (FEM) is constructed, in which the Gauss-Legendre quadrature of...

The widely-used estimator of Berry, Levinsohn and Pakes (1995) produces estimates of consumer preferences from a discrete-choice demand model with random coefficients, market-level demand shocks and endogenous prices. We derive numerical theory results characterizing the properties of the nested...

Since Kydland and Prescott (1977) and Barro and Gordon (1983), most studies of the problem of the inflation bias associated with discretionary monetary policy have assumed a quadratic loss function. We depart from the conventional linear-quadratic approach to the problem in favor of a projection...