Estimating the uncertainty of the simulation properties of large nonlinear econometric models

1 September 1986

journal article
research article
Published by Taylor & Francis in Applied Economics

Vol. 18 (9) , 985-993
https://doi.org/10.1080/00036848600000055

Abstract

This paper outlines a new technique for calculating the mean and variance of the density function of a model's simulation properties. This technique is computationally more tractable than the only other existing technique (Fair, 1980). A set of five examples are then provided, using the National Institute's Model 7, of this technique in practical application.

Keywords

LARGE NONLINEAR
NONLINEAR ECONOMETRIC
MODELS
DENSITY FUNCTION
PRACTICAL APPLICATION
PAPER OUTLINES
EXISTING TECHNIQUE
INSTITUTE'S MODEL
TRACTABLE THAN

This publication has 2 references indexed in Scilit:

THE APPLICATION OF STOCHASTIC SIMULATION TECHNIQUES TO THE NATIONAL INSTITUTE'S MODEL 7
The Manchester School, 1986
Estimating the Uncertainty of Policy Effects in Nonlinear Models
Econometrica, 1980