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The role of simulation methods in macroeconomics

Novales Cinca, Alfonso (2002) The role of simulation methods in macroeconomics. [ Documentos de trabajo del Instituto Complutense de Análisis Económico (ICAE); nº 0227, 2002, ]

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Abstract

After reviewing the reasons to use solution methods in macroeconomics,
this survey paper discusses diferent aspects relative to a rigorous use of the
numerical output of such methods. Special attention is paid to suggestions
that have been made to incorporate parameter uncertainty. Finally, the
need to test for usually maintained assumptions, such as rationality of expectations,
is emphasized.


Item Type:Working Paper or Technical Report
Additional Information:

JEL classification: C8, C9, E3, E6, O4

Uncontrolled Keywords:Numerical solution methods, Rational expectations, Calibration
Subjects:Social sciences > Economics > Econometrics
Social sciences > Economics > Macroeconomics
Series Name:Documentos de trabajo del Instituto Complutense de Análisis Económico (ICAE)
Volume:2002
Number:0227
ID Code:7692
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Deposited On:04 Mar 2008
Last Modified:06 Feb 2014 07:55

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