Comparing Dynamic Equilibrium Models to Data

2001 ◽  
Author(s):  
Jesus Fernandez-Villaverde ◽  
Juan Francisco Rubio-Ramirez
Keyword(s):  
Dynamic Equilibrium ◽  
Equilibrium Models

scholarly journals Tapping the Supercomputer Under Your Desk: Solving Dynamic Equilibrium Models with Graphics Processors

2010 ◽  
Author(s):  
Eric Aldrich ◽  
Jesús Fernández-Villaverde ◽  
A. Ronald Gallant ◽  
Juan Rubio-Ramírez
Keyword(s):  
Dynamic Equilibrium ◽  
Graphics Processors ◽  
Equilibrium Models

scholarly journals Tapping the supercomputer under your desk: Solving dynamic equilibrium models with graphics processors

2011 ◽  
Vol 35 (3) ◽  
pp. 386-393 ◽  
Author(s):  
Eric M. Aldrich ◽  
Jesús Fernández-Villaverde ◽  
A. Ronald Gallant ◽  
Juan F. Rubio-Ramírez
Keyword(s):  
Dynamic Equilibrium ◽  
Graphics Processors ◽  
Equilibrium Models

scholarly journals Numerical Simulation of Nonoptimal Dynamic Equilibrium Models

2009 ◽  
Author(s):  
Zhigang Feng ◽  
Jianjun Miao ◽  
Adrian Peralta-Alva ◽  
Manuel S. Santos
Keyword(s):  
Numerical Simulation ◽  
Dynamic Equilibrium ◽  
Equilibrium Models

scholarly journals Estimating Dynamic Equilibrium Models with Stochastic Volatility

2013 ◽  
Author(s):  
Jesús Fernández-Villaverde ◽  
Pablo Guerron-Quintana ◽  
Juan Francisco Rubio-Ramirez
Keyword(s):  
Stochastic Volatility ◽  
Dynamic Equilibrium ◽  
Equilibrium Models

scholarly journals NONLOCAL SOLUTIONS TO DYNAMIC EQUILIBRIUM MODELS: THE APPROXIMATE STABLE MANIFOLDS APPROACH

2018 ◽  
Vol 23 (06) ◽  
pp. 2544-2571
Author(s):  
Viktors Ajevskis
Keyword(s):  
General Equilibrium ◽  
Rational Expectation ◽  
Dynamic Equilibrium ◽  
Nonlocal Conditions ◽  
Approximate Solutions ◽  
Equilibrium Models ◽  
Contraction Mapping Theorem ◽  
True Solution ◽  
General Equilibrium Models ◽  
Proof Of Convergence

This study presents a method for constructing a sequence of approximate solutions of increasing accuracy to general equilibrium models on nonlocal domains. The method is based on a technique originated from dynamical systems theory. The approximate solutions are constructed employing the Contraction Mapping Theorem and the fact that the solutions to general equilibrium models converge to a steady state. Under certain nonlocal conditions, the convergence of the approximate solutions to the true solution is proved. We also show that the proposed approach can be treated as a rigorous proof of convergence for the extended path algorithm in a class of nonlinear rational expectation models.

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