TRUST
发表于 2025-3-23 10:52:09
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思考而得
发表于 2025-3-23 13:52:08
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空洞
发表于 2025-3-23 19:33:48
Basic Modelstimal time path of consumption; dynamic programming delivers a policy function that relates the agent‘s choice of current consumption to his stock of capital. Both characterizations readily extend to the stochastic version of the infinite-horizon Ramsey model that we introduce in Section 1.3. In Sec
intrigue
发表于 2025-3-24 00:17:38
Deterministic Extended Pathtions path for its variables. From this path we obtain the solution for the decision variables of the current period. This observation dates back to Fair and Tay l o r (1983) and was applied to the stochastic Ramsey model by Gagnon (1990) from whom we borrowed the label ‘deterministic extended path‘
bonnet
发表于 2025-3-24 05:39:37
Discrete State Space Methodsization step is simple. We just need to search for the maximal element among n. Yet, the value function of an .-dimensional problem with . different points in each dimension is an array of . different elements and the computation time needed to search this array may be prohibitively high.
PALMY
发表于 2025-3-24 08:20:49
Parameterized Expectationsarlo techniques to determine their parameters..The PEA has several advantages vis-a-vis both the value function iteration approach and the extended path algorithm. In contrast to the former, it does not suffer as easily from the curse of dimensionality and, therefore, can be applied to models with m
变量
发表于 2025-3-24 12:59:32
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Pde5-Inhibitors
发表于 2025-3-24 15:59:40
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谄媚于人
发表于 2025-3-24 19:26:30
Dynamics of the Distribution function change in the unemployment compensation system. In the third section, we consider a model with aggregate risk. There are many ways to introduce aggregate risk, but we will focus on a simple case. We distinguish good and bad times which we identify with the boom and recession during the business cyc
Albumin
发表于 2025-3-24 23:11:31
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