The computational experiment: an econometric tool
Abstract
A specification of the steps in designing a computational experiment to address a well-posed quantitative question, emphasizing that the computational experiment is an econometric tool used in the task of deriving the quantitative implications of theory.Download Info
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Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9420.Length:
Date of creation: 1994
Date of revision:
Handle: RePEc:fip:fedcwp:9420
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Keywords: Econometrics ; Econometric models;Other versions of this item:
- Finn E. Kydland & Edward C. Prescott, 1996. "The Computational Experiment: An Econometric Tool," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 69-85, Winter.
- Finn E. Kydland & Edward C. Prescott, 1994. "The computational experiment: an econometric tool," Staff Report 178, Federal Reserve Bank of Minneapolis.
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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