Titlebook: Dynamic General Equilibrium Modeling; Computational Method Burkhard Heer,Alfred Mau?ner Textbook 2024Latest edition The Editor(s) (if appli

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Extending an XML Mediator with Text Queryimations of the policy functions that determine the endogenous variables given the current state of the economy. In this chapter, we switch the perspective from the Euler equations approach to the dynamic programming approach

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Ground Granulated Blast Furnace Slag,dividual productivity or wealth but also with regard to their age. Heer and Mau?ner pay particular attention to the computation of the steady state in a large-scale OLG model with more than one hundred endogenous variables — the curse of dimensionality — and to updating the transition path for the a

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Waste Materials and By-Products in Concretef these models are already familiar from previous chapters on the (stochastic) neoclassical growth model and only need to be modified to allow for the more complex age structure of OLG models. Heer and Mau?ner first introduce individual stochastic productivity into the standard OLG model and apply t

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International Year of Planet Earth 2007–2009the standard methods used to numerically approximate first-order and second-order partial derivatives from finite differences. The second part covers numerical integration, with a special emphasis on the approximation of expectations.