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Alternatives to initialize the Parameterized Expectations Algorithm

✍ Scribed by Javier J. Pérez; A. Jesús Sánchez


Book ID
116422158
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
147 KB
Volume
102
Category
Article
ISSN
0165-1765

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This paper suggests a new approach to solving the one-sector stochastic growth model using the method of parameterized expectations. The approach is to employ a &global' genetic algorithm search for the parameters of the expectation function followed by a &local' gradient-descent optimization method