|
EconStor >
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Essen >
Ruhr Economic Papers, RWI >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/26780
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Rausch, Sebastian | | en_US |
| dc.contributor.author | | Rutherford, Thomas F. | | en_US |
| dc.date.accessioned | | 2007-07-02 | | en_US |
| dc.date.accessioned | | 2009-08-06T09:01:45Z | | - |
| dc.date.available | | 2009-08-06T09:01:45Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.isbn | | 978-3-86788-009-1 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/26780 | | - |
| dc.description.abstract | | This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR) algorithm. SR is then demonstrated to efficiently solve Auerbach-Kotlikoff OLG models with a large number of heterogeneous households. We approximate equilibria in OLG models by solving a sequence of related Ramsey optimal growth problems.This approach can provide improvements in both efficiency and robustness as compared with simultaneous solution-methods. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | RWI Essen | | en_US |
| dc.relation.ispartofseries | | Ruhr economic papers 15 | | en_US |
| dc.subject.jel | | C68 | | en_US |
| dc.subject.jel | | C81 | | en_US |
| dc.subject.jel | | D61 | | en_US |
| dc.subject.jel | | D91 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Computable general equilibrium | | en_US |
| dc.subject.keyword | | overlapping generations | | en_US |
| dc.subject.keyword | | microsimulation | | en_US |
| dc.subject.keyword | | sequential recalibration | | en_US |
| dc.subject.stw | | CGE-Modelling | | en_US |
| dc.subject.stw | | Allgemeines Gleichgewicht | | en_US |
| dc.subject.stw | | Dekompositionsverfahren | | en_US |
| dc.subject.stw | | Overlapping Generations | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Computation of equilibria in OLG models with many heterogeneous households | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 534690505 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des RWI Ruhr Economic Papers, RWI
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|