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 * Document of March 2007 - Problem B : http://www.cepremap.cnrs.fr/algan/testsuite/ModelB_2007.pdf
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 * Document of March 2007: PROBLEM B - Heterogeneous agent models
In SITE 2005, we agreed to proceed at least in three steps:
- Solve the incomplete market economy with only idiosyncratic risks and
exogenous interest rates. Compare the accuracy of the different methods
to solve for individual policy rules.
- Solve the incomplete market economy with only idiosyncratic risks but
with endogenous interest rates. Proceed to the same accuracy comparison.
- Solve the incomplete market economy with both aggregate risks and idiosyncratic risks.
We agreed to all work with the same specification and to start from a
common benchmark specification. The details of the model and of the parameterization are given in the attached document.

Description of the model

Comments

  • Document of March 2007: PROBLEM B - Heterogeneous agent models

In SITE 2005, we agreed to proceed at least in three steps: - Solve the incomplete market economy with only idiosyncratic risks and exogenous interest rates. Compare the accuracy of the different methods to solve for individual policy rules. - Solve the incomplete market economy with only idiosyncratic risks but with endogenous interest rates. Proceed to the same accuracy comparison. - Solve the incomplete market economy with both aggregate risks and idiosyncratic risks. We agreed to all work with the same specification and to start from a common benchmark specification. The details of the model and of the parameterization are given in the attached document.

JedcTestsuiteWiki: ModelsDescription (last edited 2009-03-25 17:13:22 by localhost)