haku: @journal_id 649 / yhteensä: 172
viite: 24 / 172
| Tekijä: | Franz, W. |
| Otsikko: | Quasi Monte-Carlo methods in stochastic simulations: an application to policy simulations using a disequilibrium model of the West German economy 1960-1994 |
| Lehti: | Empirical Economics
2000 : VOL. 25:2, p. 247-260 |
| Asiasana: | POLICY SIMULATION RANDOM NUMBERS |
| Kieli: | eng |
| Tiivistelmä: | Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations. The application of a macroeconometric disequilibrium model of the West German economy to a fiscal policy simulation is taken as an example. Due to nonlinearities arising from regime specific reactions inside the model, confidence intervals for the simulation results have to be obtained by means of stochastic simulations. |
SCIMA