CORDIS Project
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This project aims to improve the computation of equilibria in economic models with diverse agents. It focuses on developing stable algorithms for large-scale models and applying them to analyze macroeconomic policies, enhancing the understanding of economic dynamics.
The computation of equilibria in dynamic stochastic generalequilibrium models with heterogeneous agents has becomeincreasingly important in macroeconomics and publicfinance.
For a given example-economy, i.e. a given specification ofpreferences, technologies and market-arrangements these methodscompute an (approximate) equilibrium and allow for quantitativestatements about one equilibrium of the example-economy.Through these so-called 'computational experiments'many economic insights can be obtai…
University of Zurich
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