Pradžia: 2020-02-26 10:30
Pabaiga: 2020-02-26 11:30

Kviečiame dalyvauti moksliniame ekonomikos krypties seminare, kurį skaitys kandidatas į EVAF ekonomikos krypties podoktorantūros poziciją.

Vieta: 402 auditorija, VU EVAF

Pranešėjas: Guillermo Hausmann Guil (Lietuvos Bankas, Vilniaus universitetas)

Pavadinimas: Solving Heterogeneous-Agent Models around the Ergodic Steady-State

Santrauka: This paper develops a novel local method to solve recursive stochastic macroeco- nomic models as an approximation around the ergodic mean of the distribution of the variables. In contrast to standard local approaches, agents fully take risk into account up to a rst-order, which helps to solve several well-known limitations of previous algorithms (need of a well-dened deterministic steady state, certainty-equivalence up to a rst-order, inability to deal with incomplete markets). The method is very fast, easy to implement, and it provides an excellent degree of accuracy as measured by the Euler equation errors. We introduce the method by solving two well-known ex- amples of incomplete-markets models in the literature: the stochastic growth model with heterogeneous agents and aggregate risk, and the New Keynesian model with heterogeneous agents (HANK).

Daugiau apie mokslininką: https://guillermohausmann.weebly.com/

Seminaras vyks anglų kalba. Ekonomikos krypties doktorantų dalyvavimas yra privalomas.

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