The Fundamentals of Economic Dynamics and Policy Analyses : Learning through Numerical Examples. Part Ⅲ. Stochastic Dynamic General Equilibrium <Article>
Use this link to cite this item : http://doi.org/10.15027/36147
ID | 36147 |
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creator | |
NDC |
Economics
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abstract | The objective of this paper is to present a simple stochastic optimal growth model (Ramsey model), and calculate a stochastic dynamic general equilibrium (hereafter referred as a SDGE) of the model. (This part draws an example from Farmer (1999).) Then, we demonstrate how to simulate the movements of economic variables in the stochastic dynamic general equilibrium by using Matlab. The paper consists of 3 sections. A stochastic optimal growth model is presented in section 1. The stochastic dynamic general equilibrium of the model is calculated in section 2. The movements of economic variables in the stochastic dynamic general equilibrium are simulated by using Matlab in section 3.
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journal title |
The Hiroshima Economic Review
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volume | Volume 37
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issue | Issue 3
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start page | 89
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end page | 100
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date of issued | 2014-03-14
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publisher | 広島大学経済学会
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issn | 0386-2704
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language |
eng
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nii type |
Departmental Bulletin Paper
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HU type |
Departmental Bulletin Papers
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DCMI type | text
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format | application/pdf
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text version | publisher
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rights | Copyright (c) 2014 広島大学
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department |
Graduate School of Social Sciences
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