Some useful results for the simulation of non optimal general equilibrium economies

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Fil: Pierri, Damián. Universidad de San Andrés. Departamento de Economía; Argentina.

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Autor principal: Pierri, Damián
Otros Autores: Kawamura, Enrique
Formato: Tesis Tesis doctoral updatedVersion
Lenguaje:Inglés
Publicado: Universidad de San Andrés. Departamento de Economía 2020
Materias:
Equilibrium (Economics) > Mathematical models
Equilibrio (Economía) > Modelos matemáticos
Acceso en línea:http://hdl.handle.net/10908/16983
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Repositorio Digital - Universidad de San Andrés (UdeSa) de Universidad de San Andrés
id I37-R143-10908-16983
record_format dspace
spelling I37-R143-10908-169832024-10-04T11:39:45Z Some useful results for the simulation of non optimal general equilibrium economies Pierri, Damián Kawamura, Enrique Equilibrium (Economics) -- Mathematical models Equilibrio (Economía) -- Modelos matemáticos Fil: Pierri, Damián. Universidad de San Andrés. Departamento de Economía; Argentina. This paper investigates the empirical evaluation of infinite horizon non-optimal economies by means of numerical simulations. In particular, the paper answers the following question: is it possible to derive a general framework which guarantees that numerical simulations truly reflect the behavior of endogenous variables in the model?. Under mild assumptions, this paper provides an affirmative answer to this question for endowment economies with incomplete markets and infinitely many exogenous states. For this type of models, the paper presents an accurate calibration method. For economies with finitely many shocks, even under stronger assumptions, it is only possible to show that a numerically computable, time independent and recursive representation of the sequential equilibrium generates a stationary Markov process, which is a necessary condition to answer the above mentioned question. Keywords: non-optimal economies, Markov equilibrium, numerical methods, simulations. 2020-02-27T14:18:08Z 2020-02-27T14:18:08Z 2017-05 Tesis info:eu-repo/semantics/doctoralThesis info:ar-repo/semantics/tesis doctoral info:eu-repo/semantics/updatedVersion Pierri, D. (2017). Some useful results for the simulation of non optimal general equilibrium economies. [Tesis de doctorado, Universidad de San Andrés. Departamento de Economía]. Repositorio Digital San Andrés. http://hdl.handle.net/10908/16983 http://hdl.handle.net/10908/16983 eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf application/pdf Universidad de San Andrés. Departamento de Economía
institution Universidad de San Andrés
institution_str I-37
repository_str R-143
collection Repositorio Digital - Universidad de San Andrés (UdeSa)
language Inglés
topic Equilibrium (Economics) -- Mathematical models
Equilibrio (Economía) -- Modelos matemáticos
spellingShingle Equilibrium (Economics) -- Mathematical models
Equilibrio (Economía) -- Modelos matemáticos
Pierri, Damián
Some useful results for the simulation of non optimal general equilibrium economies
topic_facet Equilibrium (Economics) -- Mathematical models
Equilibrio (Economía) -- Modelos matemáticos
description Fil: Pierri, Damián. Universidad de San Andrés. Departamento de Economía; Argentina.
author2 Kawamura, Enrique
author_facet Kawamura, Enrique
Pierri, Damián
format Tesis
Tesis doctoral
Tesis doctoral
updatedVersion
author Pierri, Damián
author_sort Pierri, Damián
title Some useful results for the simulation of non optimal general equilibrium economies
title_short Some useful results for the simulation of non optimal general equilibrium economies
title_full Some useful results for the simulation of non optimal general equilibrium economies
title_fullStr Some useful results for the simulation of non optimal general equilibrium economies
title_full_unstemmed Some useful results for the simulation of non optimal general equilibrium economies
title_sort some useful results for the simulation of non optimal general equilibrium economies
publisher Universidad de San Andrés. Departamento de Economía
publishDate 2020
url http://hdl.handle.net/10908/16983
work_keys_str_mv AT pierridamian someusefulresultsforthesimulationofnonoptimalgeneralequilibriumeconomies
_version_ 1816376432337616896

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