Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1146/annurev-economics-080218-025711 |
Computing Economic Equilibria Using Projection Methods | |
Alena Miftakhova, Karl Schmedders and Malte Schumacher | |
2020 | |
出版年 | 2020 |
国家 | 瑞士 |
领域 | 资源环境 |
英文摘要 | The analysis of dynamic economic models routinely leads to the mathematical problem of determining an unknown function for which no closed-form solution exists. Economists must then resort to methods of numerical approximation when analyzing such models. Among the computational methods that have been successfully applied in economics and finance, one set of techniques stands out due to its flexibility and robustness: projection methods. In this article, we describe the basic steps of these methods for several different applications, surveying many successful applications of projection methods to dynamic economic models. Importantly, we emphasize that the ever-increasing complexity and dimensionality of dynamic models have made the previously used simpler methods obsolete and the applications of projection methods all but mandatory. We closely examine the most recent endeavors in the literature on solving economic models with projection methods. |
URL | 查看原文 |
来源平台 | Centre for Energy Policy and Economics |
引用统计 | |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/329959 |
专题 | 资源环境科学 |
推荐引用方式 GB/T 7714 | Alena Miftakhova, Karl Schmedders and Malte Schumacher. Computing Economic Equilibria Using Projection Methods,2020. |
条目包含的文件 | 条目无相关文件。 |
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