Home cv short bio research books teaching codes contact. Today we associate money with the profane, and for good reason. Lilia maliar jonathan conning timothy goodspeed miles corak merih uctum raj nahata 89500 80600. Lagrange interpolation, anisotropic grid and adaptive domain, byu macroeconomics and computational laboratory working paper series 202, brigham young university, department of economics, byu macroeconomics and computational laboratory. Books recent books earlier books by decade browse books by series chapters from books in process free publications. A hybrid of local and global solutions lilia maliar serguei maliar. A gridbased eulerequation method, computational economics, 26, pp. To view the rest of this content please follow the download pdf link above. One broad class of numerical methods for solving dynamic economic models builds. Vadym lepetyuk lilia maliar serguei maliar the views expressed in this presentation are solely those of the authors and may di.
Solving the incomplete markets model with aggregate uncertainty using the krusellsmith algorithm lilia maliar. This paper studies the effect of sovereign risk on capital flows from rich to poor nations in the context of a twocountry model where foreign direct investment fdi creates positive externalities in domestic production. Pdf sovereign risk, fdi spillovers, and economic growth. We introduce a technique called precomputation of integrals that makes it possible to compute conditional expectations in dynamic stochastic models in.
First, it is aimed at helping researchers in economics to choose. Numerically stable stochastic simulation approaches for solving. Her interests include macroeconomics, economic theory, computational economics, economic growth and development, dynamic games, transition economies, and international economics. Hoover institution, stanford university and university of alicante. Lagrange interpolation, anisotropic grid and adaptive domain, byu macroeconomics and computational laboratory working paper series 202, brigham young university, department of economics, byu macroeconomics and. Taylor raymond professor of economics, stanford university verified email at stanford. Quantitative economics was created in 2009 to provide a home for papers that fulfill this vision, complementing the role currently played by econometrica. Computational economics, forthcoming, matlab, python and julia codes for neoclassical. Dynamic stochastic economic models are normally built on the assumption of stationary environment, namely, it is assumed that the. This paper studies a completemarket version of the neoclassical growth model, where agents face idiosyncratic shocks to earnings. Stochastic simulation methods for solving dynamic models and supplement, quantitative economics 2, 1732010. Numerically stable and accurate stochastic simulation.
A gridbased eulerequation method, computational economics 26, pp. Lilia maliar and serguei maliar acknowledge support from the hoover institution at stanford university, the. Solution methods for statedependent and timedependent models lilia maliar and serguei maliar june 27, 2017 summary. Lilia maliar and serguei maliar 2005, solving the neoclassical growth model with quasigeometric discounting. A tractable framework for analyzing a class of nonstationary markov models. Curriculum vita serguei maliar lucas hall, department of. In fall of 2018, i moved to the cuny graduate center. Lilia maliar is professor of economics at the graduate center of the city university of new york cuny, and currently serves as an associate editor for quantitative economics journal of the econometric society and advises the bank of canada.
Assessing gains from parallel computation on supercomputers. Handbook of computational economics page i download pdf. Pdf sovereign risk, fdi spillovers, and growth serguei. Solving the neoclassical growth model with quasigeometric discounting. Computational suite of models with heterogeneous agents ii. The course grade will be based on problem sets, class participation, and a research project. The econometric society was founded to promote studies that aim at a unification of the theoreticalquantitative and empiricalquantitative approaches to economic problems and that are penetrated by constructive and rigorous thinking.
Multicountry real business cycle models, with wouter j. No responsibility for them should be attributed to the bank of canada. Should central banks worry about nonlinearities of their. How to solve dynamic stochastic models computing expectations just once, quantitative economics, vol 83, pages 851893. I do not require you to purchase any particular book for this course. This cited by count includes citations to the following articles in scholar. Read the latest chapters of handbook of computational economics at. Lilia vladimirovna maliar, ukrainian economics professor.
Lilia maliar, serguei maliar, john taylor and inna tsener 2019. Capitalskill complementarity and balanced growth by lilia. A quantitative investigation of the role of financial frictions volume 22 issue 2 manoj atolia, john gibson, milton marquis. Lilia maliar and serguei maliar, merging simulation and projection approaches to solve high. How to solve dynamic stochastic models computing expectations just once.
Cristina arellano, lilia maliar, serguei maliar and viktor tsyrennikov, 2016. Lilia maliar and serguei maliar acknowledge support from the hoover. Journal of comparative economics 36 2, 307325, 2008. The centre for economic policy research was established in 1983 as an educational charity, to promote. Sacred economics 5 charles eisenstein introduction the purpose of this book is to make money and human economy as sacred as everything else in the universe. Kyiv school of economics abstract patterns of trade specialization and economic growth in transition economies by volodymyr kurnosov thesis supervisor. A tractable framework for analyzing a class of nonstationary markov models economics working papers, hoover institution, stanford university view citations 11 also in nber working papers, national bureau of economic research, inc 2015 view citations 14. A hybrid of local and global solutions, computational economics 423, pp 307325. Tentative schedule of courses, economics course number course name instructor 70200 71200 82200 89800 88000 81500 84200 85100 85600 86200 microeconomic theory ii macroeconomic theory ii. Lilia maliar, serguei maliar, and juan mora abstract this paper studies the business cycle dynamics of income and wealth distributions in the context of the neoclassical growth model where agents are heterogeneous in initial wealth and nonacquired skills.
Special topics in macro theory graduate center, cuny. Numerical methods for large scale dynamic economic models, in. Book chapter full text access chapter 2 on the numerical solution of equilibria in auction models with asymmetries within the privatevalues paradigm. We show that if externalities are large, a developing country never expropriates foreign assets, and behaves as under perfect enforcement of foreigners. Lilia maliar department of economics the graduate center, city university of new york 365 fifth avenue, new york, ny 10016 new york, ny 10016 usa. Lilia maliar and serguei maliar university of chicago.
No 17418, nber working papers from national bureau of economic research, inc abstract. Smolyak method for solving dynamic economic models. Judd, lilia maliar and serguei maliar ergodic set methods for. Solving the incomplete markets model with aggregate. Jump to journal articles software items working papers 2015. Numerical methods for large scale dynamic economic models in. The construction of the grid is the key novel piece of our analysis. We show that if agents possess identical preferences of either the crra or the addilog type, then the heterogeneousagent economy behaves as if there was a representative consumer who faces three kinds of shocks, to preferences, to technology. The working group on economic policy brings together experts on economic and financial policy to study key developments in the us and global economies, examine their interactions, and develop specific policy proposals. Lilia maliar, serguei maliar and juan mora 2005, income and wealth distributions along the. Lilia maliar and serguei maliar acknowledge support from the hoover institution at stanford university, the ivie, the generalitat valenciana under the grants best2010142 and best2010141, respectively, the. Numerically stable and accurate stochastic simulation approaches for solving dynamic economic models. Computational economics, volume 42, issue 3 springer. Numerically stable and accurate stochastic simulation methods for solving dynamic models and supplement, quantitative economics 2, 1732010.
Grantee, spanish ministry of science and technology, 20012004, since 2004. We perform a comparison of matlab, python and julia as programming languages to be used for implementing global nonlinear solution techniques. Computational economics, forthcoming, matlab, python and julia codes for neoclassical growth and new keynesian models are available from quantecon site kenneth l. The research project should include a substantial computational component and be. Pdf how to solve dynamic stochastic models computing. Econ 416 advanced macroeconomics spring 2017 course organization the class meets on tuesdays and thursdays from 11. Article pdf available in quantitative economics 83 september 2011 with 71 reads. Solution methods for statedependent and timedependent. Professor lilia maliar in this paper, it is argued that the structure of a countrys foreign trade may give understanding of its economic performance.
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