Discovery Projects - Grant ID: DP0557625

Funder

Australian Research Council

Funding Amount

$212,468.00

Summary

A Principled Approach to Computer Simulation of Dynamic General Equilibrium Macroeconomic Models. In the last two decades a new generation of computer-intensive modeling techniques has risen to prominence in macroeconomics. These methods have broad policy applications, from public finance and reserve bank operation to analysis of long-run productivity growth, taxation reform, unemployment, international trade policy and natural resource conservation. The size and complexity of these model .... A Principled Approach to Computer Simulation of Dynamic General Equilibrium Macroeconomic Models. In the last two decades a new generation of computer-intensive modeling techniques has risen to prominence in macroeconomics. These methods have broad policy applications, from public finance and reserve bank operation to analysis of long-run productivity growth, taxation reform, unemployment, international trade policy and natural resource conservation. The size and complexity of these models means that even computer-based techniques will rely for the foreseeable future on efficient program design to solve them. The project will construct a comprehensive set of solution techniques and software for this class of macroeconomic models, including detailed mathematical analysis on accuracy of model output.
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