policyMeanValue

time

state

<p>the state history, which is a list consisting of the time series of p, S, q, and z.</p>

state.history

<p>When the time index is an integer multiple of 200, this policy sets the current prices and supplies to the averages of the previous 199 periods.
This policy function is mainly used as an argument of the function sdm2 in order to accelerate convergence when calculating general equilibrium.</p>

Some tools for developing general equilibrium models and some general equilibrium models. These models can be used for teaching economic theory and are built by the methods of new structural economics (see <https://www.nse.pku.edu.cn/> and LI Wu, 2019, ISBN: 9787521804225, General Equilibrium and Structural Dynamics: Perspectives of New Structural Economics. Beijing: Economic Science Press). The model form and mathematical methods can be traced back to von Neumann, J. (1945, A Model of General Economic Equilibrium. The Review of Economic Studies, 13. pp. 1-9) and Kemeny, J. G., O. Morgenstern and G. L. Thompson (1956, A Generalization of the von Neumann Model of an Expanding Economy, Econometrica, 24, pp. 115-135) et al. By the way, J. G. Kemeny is a co-inventor of the computer language BASIC.

policyMeanValue: Mean Value Policy Function

Description

Usage

Arguments

Value

See Also