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 …
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 …
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
We propose and compare new global solution algorithms for continuous time
heterogeneous agent economies with aggregate shocks. First, we approximate the state …
heterogeneous agent economies with aggregate shocks. First, we approximate the state …
Global Solutions to Master Equations for Continuous Time Heterogeneous Agent Macroeconomic Models
We propose and compare new global solution algorithms for continuous time
heterogeneous agent economies with aggregate shocks. First, we approximate the agent …
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 …
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 …
review focuses on developments in the construction and solution of structural integrated …
[PDF][PDF] Learning on the Job
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 …
capital growth comes from firm specific factors, such as the learning environment, as …