no code implementations • 14 Feb 2022 • Aryan Eftekhari, Simon Scheidegger
We propose a scalable method for computing global solutions of nonlinear, high-dimensional dynamic stochastic economic models.
no code implementations • 28 Dec 2021 • Felix Kubler, Simon Scheidegger
We consider dynamic stochastic economies with heterogeneous agents and introduce the concept of uniformly self-justified equilibria (USJE) -- temporary equilibria for which forecasts are best uniform approximations to a selection of the equilibrium correspondence.
no code implementations • 13 Jul 2021 • Doris Folini, Felix Kübler, Aleksandra Malova, Simon Scheidegger
We re-calibrate the climate part of the widely used DICE-2016: the multi-model mean as well as extreme, but still permissible climate sensitivities and carbon cycle responses.
1 code implementation • 18 Feb 2021 • Hui Chen, Antoine Didisheim, Simon Scheidegger
We propose a novel structural estimation framework in which we train a surrogate of an economic model with deep neural networks.