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picture1_Ecta200326 Sup 0001 Onlineappendix


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File: Ecta200326 Sup 0001 Onlineappendix
Econometrica Supplementary Material SUPPLEMENTTO“USINGTHESEQUENCE-SPACEJACOBIANTOSOLVE ANDESTIMATEHETEROGENEOUS-AGENTMODELS” (Econometrica, Vol. 89, No. 5, September 2021, 2375–2408) DRIENAUCLERT A DepartmentofEconomics,StanfordUniversity, CEPR,andNBER BENCEBARDOCZY Federal Reserve Board of Governors MATTHEWROGNLIE DepartmentofEconomics,NorthwesternUniversityandNBER ...

icon picture PDF Filetype PDF | Posted on 28 Jan 2023 | 2 years ago

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...Econometrica supplementary material supplementto usingthesequence spacejacobiantosolve andestimateheterogeneous agentmodels vol no september drienauclert a departmentofeconomics stanforduniversity cepr andnber bencebardoczy federal reserve board of governors matthewrognlie northwesternuniversityandnber ludwigstraub harvarduniversityandnber appendixa generalizingthefakenewsalgorithm direct applications the existing framework irst we identify several ways in which can be adapted to f include model elements differing from our examples with either change or limited changes algorithm non grid representations value function assumes that thedistribution is discretized as nite and y give output yateachpointandthetransitionprobabilitiesbetweenpoints noneofthisplacesanyre striction however on how v therefore accommodatesavarietyofdiscreterepresentationsofv splines chebyshevpolynomials parametric etc without any modication higher moments at rst glance seems require are taking mean d some individu...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 28 Jan 2023 | 2 years ago
										
										
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