Accuracy of simulations for stochastic dynamic models

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Show simple item record Santos, Manuel S. Peralta Alva, Adrián 2006-11-09T11:26:44Z 2006-11-09T11:26:44Z 2003-10
dc.identifier.issn 2340-5031
dc.description.abstract This paper provides a general framework for the simulation of stochastic dynamic models. Our analysis rests upon a continuity property of invariant distributions and a generalized law of large numbers. We then establish that the simulated moments from numerical approximations converge to their exact values as the approximation errors of the computed solutions converge to zero. These asymptotic results are of further interest in the comparative study of dynamic solutions, model estimation, and derivation of error bounds for the simulated moments.
dc.format.extent 1668138 bytes
dc.format.mimetype application/pdf
dc.language.iso spa
dc.language.iso eng
dc.relation.ispartofseries UC3M Working Paper. Economics
dc.relation.ispartofseries 2003-15
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.title Accuracy of simulations for stochastic dynamic models
dc.type workingPaper
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
dc.identifier.repec we034615
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