IDEAS home Printed from
MyIDEAS: Login to save this software component or follow this series

FORTRAN code for Heterogeinity, Aggregate Uncertainty and the Short-Term Interest Rate

  • Wouter Denhaan

    (London Business School)

In this paper we solve heterogenous agents models using the parameterized expectations algorithm (PEA) and the policy function iterations algorithm (PFI). The problem in solving these models is that the wealth distribution belongs to the set of state variables. We solve this problem by approximating the distribution with a limited set of moments or percentiles. We find that the number of types has a small effect on the average interest rate and consumption smoothing. The included programs are: PEA program with percentiles from section 3 (xxpe6.f), PEA program with moments from section 3 (xxpe7.f), PFI program from section 3 (xx5.f), Simulation PFI program from section 3 (xxsim5.f), PEA program from section 4 (a3agg.f).

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: program code
Download Restriction: none

Software component provided by Quantitative Macroeconomics & Real Business Cycles in its series QM&RBC Codes with number 60.

in new window

Programming language: FORTRAN
Date of creation: 1996
Date of revision:
Handle: RePEc:dge:qmrbcd:60
Contact details of provider: Postal: P.O. Box 442, St. Louis, MO 63166
Fax: (314)444-8753
Web page:

More information through EDIRC

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:dge:qmrbcd:60. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.