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1 - 10 van 180 voor state variables
discounting investments mitigation and adaptation pdf
... (payoffs) that may be received from that claim. these benefits may depend on the state variables aggregate wealth and temperature. in a similar way the contingent claims, ( , )m f w ... of the covariance between wealth and temperature. this covariance captures the instantaneous movement between these state variables. in order to understand the type of effects captured by this covariance rewrite (2. ...
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Onderzoeksmemorandum (set-up) [PFP#301156075]
... features the state variables s as endogenous variables; (2) use a reduced form model for the state variables s; (3) use a (vector) arima model which includes the state variables s; and (4) use current market expectations to derive a forecast for s. inpractice, one encounters intermediate forms and mixtures offorecastingmethods.for instance, sometimes the exogenous variables ...
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N:\...\discussion4.wp [PFP#120744420]
... among all potential migrants within each region. among the observables we focus on economic state variables. having a partner that is currently employed might for example raise the cost of ... be useful to classify variables into one of three types region time-invariant, time region-invariant and region-time varying variables. the region time-invariant variables are constant over time but ...
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macroeconomic resilience dsge model pdf
... shocks, which are often thought of as exogenous variables. the all variables definition is broader than and encompasses the exogenous ... state, ie. there is no entry or exit into markets in this model. normally, in a model with exogenous growth, all real steady state variables ... grows at rate, xt. the following four variables are net cash inflow from state contingent securities, aj,t, wage income, wj, ...
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memo144.pdf
... this approach, producers optimise their individual profits using production and investment quantities as decision variables. in doing this they realise the impact their individual production and investment decisions will ... strategy space to functions depending both on time and on a set of current state variables, involving e.g. the current production capacities and resource stocks of itself and its ...
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memo1960.pdf
... state variables, u the vector of control variables. the elements of the state vector x are financial wealth s, the excess return es and constant term 1. the vector of control variables ... of the state variables f policy function matrix q utility weights control variables r utility weights state variables vectors a distortion vector x state variables u control variables variables a1 fraction ...
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memo241.pdf
... hidden state variables for fertility and mortality, respectively, and (t, ,t, ) are the observed realizations of the rates of fertility and mortality by age . the t, are i.i.d. random variables ... process. brandt and kang (2004) model both conditional returns and conditional volatility as latent state variables. the specification includes both a volatility-in-mean and a mean-in-volatility effect, ...
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cpb discussion paper 193 potential small model 0 pdf
... can be solved from d state of the economy at t 0 can be fully characterised by the two state variables of the system, the ... the first row of b i are the coefficients relating the state variables output gap. this characterisation works only if all eigenvalues are real. ... , the output gap in that model is a function of four state variables. 3.3 results figure 6 plots various output gap measures next ...
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dp182retirement flexibility and portfolio choice pdf
... 23), all other steady-state variables can be calculated. 3.2 the log-linearized model in the usual situation of a non-stochastic steady state, this steady state can be computed ... endogenous variables as func- tion of the endogenous and exogenous state variables. our model contains two exogenous state variables, productivity shocks (a,t) and depreciation shocks () and one endoge- nous state variable, ...
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Microsoft Word - Finale_versie.doc
... 2 comprehensive welfare state design 154 7.3 residual welfare state 159 7.4 universal welfare state 165 7.5 diversified welfare state 170 7.6 ... 6.2 the dutch welfare state table 6.3 baseline values in 2040 for some institutional and labour-market variables in mimic 147 table 7.1 long-term effects of a reform package along the lines of the residual welfare state on ...
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