Climate change through the lens of macroeconomic modeling

There is a rapidly advancing literature on the macroeconomics of climate change. This
review focuses on developments in the construction and solution of structural integrated …

Taming the curse of dimensionality: quantitative economics with deep learning

J Fernández-Villaverde, G Nuño, J Perla - 2024 - nber.org
We argue that deep learning provides a promising avenue for taming the curse of
dimensionality in quantitative economics. We begin by exploring the unique challenges …

[PDF][PDF] Deep learning solutions to master equations for continuous time heterogeneous agent macroeconomic models

Z Gu, M Lauriere, S Merkel, J Payne - 2023 - jepayne.github.io
We propose and compare new global solution algorithms for continuous time
heterogeneous agent economies with aggregate shocks. First, we approximate the state …

Global Solutions to Master Equations for Continuous Time Heterogeneous Agent Macroeconomic Models

Z Gu, M Laurière, S Merkel, J Payne - arXiv preprint arXiv:2406.13726, 2024 - arxiv.org
We propose and compare new global solution algorithms for continuous time
heterogeneous agent economies with aggregate shocks. First, we approximate the agent …

Spooky Boundaries at a Distance: Inductive Bias, Dynamic Models, and Behavioral Macro

ME Kahou, J Fernández-Villaverde, S Gomez-Cardona… - 2024 - nber.org
In the long run, we are all dead. Nonetheless, when studying the short-run dynamics of
economic models, it is crucial to consider boundary conditions that govern long-run, forward …

[PDF][PDF] Climate Change through the Lens of Macroeconomic Modeling

JFVKT GILLINGHAM, S SCHEIDEGGER - 2024 - economics.sas.upenn.edu
There is a rapidly advancing literature on the macroeconomics of climate change. This
review focuses on developments in the construction and solution of structural integrated …

[PDF][PDF] Learning on the Job

J Adenbaum, F Babalievsky, W Jungerman - jacobadenbaum.github.io
What are the sources of worker learning within the firm? How much of a worker's human
capital growth comes from firm specific factors, such as the learning environment, as …