From a3e2aafe5bcb48512c3ed6e55a1f07358351e97c Mon Sep 17 00:00:00 2001 From: "Matthew N. White" Date: Tue, 15 Oct 2024 14:03:12 -0400 Subject: [PATCH] Hopefully last formatting before adding links --- .../central-banks-hark-and-ssj.md | 34 +++++++------------ 1 file changed, 13 insertions(+), 21 deletions(-) diff --git a/Hetero-And-Macro/central-banks-hark-and-ssj.md b/Hetero-And-Macro/central-banks-hark-and-ssj.md index 4d6f1d2..80c21ec 100644 --- a/Hetero-And-Macro/central-banks-hark-and-ssj.md +++ b/Hetero-And-Macro/central-banks-hark-and-ssj.md @@ -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} @@ -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) @@ -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 @@ -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)