NEWS

Numerical Simulations for Determination of Unique and Multiple Equilibria in Economic Growth Models

Dr. Rehana Naz, Professor, Centre for Mathematics & Statistical Sciences) conducted a brief session/ workshop on "Numerical simulations for determination of unique and multiple equilibria in economic growth models" on December 13, 2017. This workshop was conducted in the Economics Faculty Development Workshop, Winter Term 2017.

The aim of the session was to simulate transitional dynamics of dynamic macroeconomic models numerically to clarify the audience with what do we gain by simulating transitional dynamics?

• We gain additional information about the model's behavior, since often analytical derivations only deliver information about the steady state.
• It is possible to analyze particular policy reforms and conduct a pareto-ranking of different reforms.
• Numerical simulations can be used for more efficient research: The implications of small modifications of the model can be tested quickly.

---

• Previous
• 85
• 86
• 87
• 88
• 89
• 90
• 91
• 92
• 93
• 94
• 95
• 96
• Next