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Parameterized Expectations Algorithm and the Moving Bounds

✍ Scribed by Maliar, Lilia; Maliar, Serguei


Book ID
127002878
Publisher
American Statistical Association
Year
2003
Tongue
English
Weight
233 KB
Volume
21
Category
Article
ISSN
0735-0015

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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