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Stochastic growth model

Xem 1-8 trên 8 kết quả Stochastic growth model
  • This article presents the stochastic growth model. The stochastic growth model is a stochastic version of the neoclassical growth model with microfoundations,1 and provides the backbone of a lot of macroeconomic models that are used in modern macroeconomic research. The most popular way to solve the stochastic growth model, is to linearize the model around a steady state,2 and to solve the linearized model with the method of undetermined coefficients. This solution method is due to Campbell (1994)....

    pdf32p tuanloc_do 04-12-2012 48 2   Download

  • This article presents the stochastic growth model. The stochastic growth model is a stochastic version of the neoclassical growth model with microfoundations,1 and provides the backbone of a lot of macroeconomic models that are used in modern macroeconomic research. The most popular way to solve the stochastic growth model, is to linearize the model around a steady state,2 and to solve the linearized model with the method of undetermined coefficients. This solution method is due to Campbell (1994)....

    pdf0p sofia11 15-05-2012 63 7   Download

  • In this paper, we further study and arrive at a positive solution of the equity premium puzzle based on the domestic output process satisfying a jump-diffusion stochastic differential equation. The conclusions obtained here can be regarded as a natural generalization of the work by Gong and Zou.

    pdf17p trinhthamhodang2 19-01-2020 7 0   Download

  • The modeling of insects/pests population dynamics is to understand how the respective population change arises owing to the interplay of environmental forces, density dependent regulation and inherent stochasticity imbibed in the system. Enormous applications of such modeling are found in natural science. It is quite obvious that excess zeros are common phenomenon in counting insects.

    pdf10p trinhthamhodang1215 23-09-2020 2 0   Download

  • Previous studies have documented long run equilibrium relationships between either stock prices and labour income or dividends and consumption. In a general equilibrium stochastic growth model, these variables are related in the long run because they are all driven by the same stochastic trend - the fundamental development of productivity. We show that national stock price indices are cointegrated with domestic and foreign GDP in the G7 countries. Higher domestic productivity increase both domestic GDP and domestic stock prices.

    pdf20p trinhthamhodang2 19-01-2020 9 0   Download

  • Ant Colony Optimization (ACO) is the best example of how studies aimed at understanding and modeling the behavior of ants and other social insects can provide inspiration for the development of computational algorithms for the solution of difficult mathematical problems. Introduced by Marco Dorigo in his PhD thesis (1992) and initially applied to the travelling salesman problem, the ACO field has experienced a tremendous growth, standing today as an important nature-inspired stochastic metaheuristic for hard optimization problems....

    pdf212p japet75 25-02-2013 64 7   Download

  • After a few early isolated cases in the 1980s, since the mid-1990s hundreds of papers dealing with economics and finance have invaded the physics preprint server xxx.lanl.gov/cond-mat, initially devoted to condensed matter physics, and now covering subjects as different as computer science, biology or probability theory.

    pdf334p thuymonguyen88 07-05-2013 44 6   Download

  • In this paper, we investigate the effect of bank capital adequacy on the economic boom-bust cycles. To investigate this effect, we use a Dynamic Stochastic General Equilibrium (DSGE) model with a news shock. We perform the simulation three type of shocks: a monetary shock, capital price shock with no news shock, and capital price shock with news shock. In terms of the effect of bank capital adequacy, in both the simulation of simple capital price shock, we investigate the countercyclicality of the Basel III type.

    pdf14p trinhthamhodang2 21-01-2020 9 0   Download

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