Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123534085> ?p ?o ?g. }
Showing items 1 to 72 of
72
with 100 items per page.
- W3123534085 endingPage "95" @default.
- W3123534085 startingPage "61" @default.
- W3123534085 abstract "Theoretical formulations of dynamic heterogeneous-agent economies typically include a distribution as an aggregate state variable. This paper introduces a method for computing equilibrium of these models by including a distribution directly as a state variable if it is finite-dimensional or a fine approximation of it if it is infinite-dimensional. The method accurately computes equilibrium in an extreme calibration of Huffman's (1987) overlapping-generations economy where quasi-aggregation, the accurate forecasting of prices using a small state space, fails to obtain. The method also accurately solves for equilibrium in a version of Krusell and Smith's (1998) economy wherein quasi-aggregation obtains but households face occasionally binding constraints. The method is demonstrated to be not only accurate but also feasible with equilibria for both economies being computed in under ten minutes in Matlab. Feasibility is achieved by using Smolyak's (1963) sparse-grid interpolation algorithm to limit the necessary number of gridpoints by many orders of magnitude relative to linear interpolation. Accuracy is achieved by using Smolyak's algorithm, which relies on smoothness, only for representing the distribution and not for other state variables such as individual asset holdings." @default.
- W3123534085 created "2021-02-01" @default.
- W3123534085 creator A5034813890 @default.
- W3123534085 date "2020-06-12" @default.
- W3123534085 modified "2023-09-23" @default.
- W3123534085 title "Computing Dynamic Heterogeneous-Agent Economies: Tracking the Distribution" @default.
- W3123534085 cites W1542118577 @default.
- W3123534085 cites W1553880004 @default.
- W3123534085 cites W1963880401 @default.
- W3123534085 cites W1966352198 @default.
- W3123534085 cites W1968151813 @default.
- W3123534085 cites W1973874347 @default.
- W3123534085 cites W2001327034 @default.
- W3123534085 cites W2010794081 @default.
- W3123534085 cites W2021782691 @default.
- W3123534085 cites W2034161167 @default.
- W3123534085 cites W2038478159 @default.
- W3123534085 cites W2085888564 @default.
- W3123534085 cites W2142863015 @default.
- W3123534085 cites W2164997313 @default.
- W3123534085 cites W2165613656 @default.
- W3123534085 cites W3121620056 @default.
- W3123534085 cites W3121689219 @default.
- W3123534085 cites W3122060164 @default.
- W3123534085 cites W3122186737 @default.
- W3123534085 cites W3123335567 @default.
- W3123534085 cites W3125535351 @default.
- W3123534085 doi "https://doi.org/10.21144/eq1060202" @default.
- W3123534085 hasPublicationYear "2020" @default.
- W3123534085 type Work @default.
- W3123534085 sameAs 3123534085 @default.
- W3123534085 citedByCount "0" @default.
- W3123534085 crossrefType "journal-article" @default.
- W3123534085 hasAuthorship W3123534085A5034813890 @default.
- W3123534085 hasBestOaLocation W31235340851 @default.
- W3123534085 hasConcept C110121322 @default.
- W3123534085 hasConcept C134306372 @default.
- W3123534085 hasConcept C15744967 @default.
- W3123534085 hasConcept C19417346 @default.
- W3123534085 hasConcept C2775936607 @default.
- W3123534085 hasConcept C33923547 @default.
- W3123534085 hasConcept C41008148 @default.
- W3123534085 hasConceptScore W3123534085C110121322 @default.
- W3123534085 hasConceptScore W3123534085C134306372 @default.
- W3123534085 hasConceptScore W3123534085C15744967 @default.
- W3123534085 hasConceptScore W3123534085C19417346 @default.
- W3123534085 hasConceptScore W3123534085C2775936607 @default.
- W3123534085 hasConceptScore W3123534085C33923547 @default.
- W3123534085 hasConceptScore W3123534085C41008148 @default.
- W3123534085 hasIssue "02" @default.
- W3123534085 hasLocation W31235340851 @default.
- W3123534085 hasLocation W31235340852 @default.
- W3123534085 hasLocation W31235340853 @default.
- W3123534085 hasOpenAccess W3123534085 @default.
- W3123534085 hasPrimaryLocation W31235340851 @default.
- W3123534085 hasRelatedWork W2096946506 @default.
- W3123534085 hasRelatedWork W2350741829 @default.
- W3123534085 hasRelatedWork W2358668433 @default.
- W3123534085 hasRelatedWork W2376932109 @default.
- W3123534085 hasRelatedWork W2382290278 @default.
- W3123534085 hasRelatedWork W2390279801 @default.
- W3123534085 hasRelatedWork W2557617844 @default.
- W3123534085 hasRelatedWork W2748952813 @default.
- W3123534085 hasRelatedWork W2899084033 @default.
- W3123534085 hasRelatedWork W3004735627 @default.
- W3123534085 hasVolume "106" @default.
- W3123534085 isParatext "false" @default.
- W3123534085 isRetracted "false" @default.
- W3123534085 magId "3123534085" @default.
- W3123534085 workType "article" @default.