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| In SITE 2005, we agreed to proceed at least in three steps: | In SITE 2004, we agreed to proceed at least in three steps: |
Description of the model
Document of March 2007 - Problem B : http://www.cepremap.cnrs.fr/algan/testsuite/ModelB_2007.pdf
- Posted by Algan and Juillard (20/03/2007)
Document of July 2004: http://www.cepremap.cnrs.fr/juillard/testsuite/JEDC-ProbABC.pdf
Comments
- Document of March 2007: PROBLEM B - Heterogeneous agent models
Algan and Juillard (20/03/2007)
In SITE 2004, 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.