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Estimation by simulation of monotone dynamical systems
Journal article   Open access  Peer reviewed

Estimation by simulation of monotone dynamical systems

Manuel S Santos
Journal of computational and applied mathematics, Vol.158(1), pp.145-156
2003

Abstract

Economic models Invariant distributions Monotone policy functions The simulated moments estimator
This paper offers a general proof of consistency for the simulated moments estimator in a parameterized family of stochastic models with monotone dynamics. Models with this monotonicity property are frequently encountered in economic applications. The proof of consistency of the estimator draws upon a uniform law of large numbers over a continuum of invariant distributions indexed by the model's parameters.
url
https://doi.org/10.1016/S0377-0427(03)00463-1View
Published (Version of record) Open

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Citation topics
6 Social Sciences
6.10 Economics
6.10.22 Monetary Policy
Web Of Science research areas
Mathematics, Applied
ESI research areas
Mathematics

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#8 Decent Work and Economic Growth
#17 Partnerships for the Goals

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