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Hopefully last formatting before adding links
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mnwhite committed Oct 15, 2024
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34 changes: 13 additions & 21 deletions Hetero-And-Macro/central-banks-hark-and-ssj.md
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Expand Up @@ -73,18 +73,13 @@ Johns Hopkins University
* [Consumption/Saving](link me)
* [Portfolio Choice](link me)
* [Liquid and Illiquid Assets](link me)
* [Discrete-Continuous Problems](link me)
+ [DCEGM](link me)
* [Labor Supply](link me)
+ [Keane and Imai](link me)
* [Discrete-Continuous Problems](link me): [DC-EGM tool](link me)
* [Labor Supply](link me): [Keane and Imai](link me)
* [Medical Expense Risk](link me)
* [Life Cycle Modeling](link me)
+ [Solutions](link me)
+ [Datasets](All the SCFs, with tools)
* [Life Cycle Modeling](link me): [solutions](link me) and [datasets](All the SCFs, with tools)
* Sophisticated Liquidity Constraints
+ [Higher rate for borrowing vs saving](link me)
+ [withdrawal penalties for retirement saving](Mateo VG JMP)
* etc etc


## Where Does Econ-ARK Fit? (2/2) {.smaller}
Expand All @@ -107,7 +102,7 @@ Johns Hopkins University

## But Wait, There's More: Indirect Inference

## Life Cycle Model (Gourinchas-Parker; Cagetti)
### Life Cycle Model (Gourinchas-Parker; Cagetti)

* [SolvingMicroDSOPs-Estimation](link me)

Expand All @@ -119,29 +114,27 @@ Johns Hopkins University

* An easy-to-use standard for guaranteed replicability
+ on any computer (Mac, Win, Linux)
+ using any open-source language
- Python, R, Julia, ...
+ using any open-source language: Python, R, Julia, ...
+ [About 26 of them](https://econ-ark.org/materials)

* Builds on industry standards
+ Docker, cff, conda, pip, ...
* Builds on industry standards: Docker, cff, conda, pip, ...

* Aim:
+ Set a standard for journals
-Now every journal has different requirements
+ Results should be replicable _on submission_
- Editors, referees can 'kick the tires'
- Now every journal has different requirements
+ Results should be replicable **on submission**
- Editors, referees can "kick the tires"
- Readers can easily stand on your giant shoulders
- Central Banks can exchange and compare models
- Central banks can exchange and compare models


## Where Are We Going? 'DYNARK': {.smaller}

* Model specification tools for **any** Bellman Problem ([mockup])(link me to latest pseudocode)
* Model specification tools for **any** Bellman Problem [(mockup)](link me to latest pseudocode)
* Three layers:
1. Abstract mathematical description
- The symbolic version that appears in the text
- Describes the 'Platonic Ideal' of the model
- Describes the "Platonic Ideal" of the model
- What you would solve with $\infty$ computing power
2. Numerical/approximation details
- Metaparameters like \# of gridpoints for approx
Expand All @@ -166,8 +159,7 @@ Johns Hopkins University

1. Lack of transparency
+ What exactly **is** your model?
+ Lots of buried assumptions
- Gridpoints, boundaries, distributions
+ Lots of buried assumptions: gridpoints, boundaries, dstns
2. Lack of replicability
+ Some notorious stories (only runs on Win 8.1 w/ Matlab 8.7.6.5)

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