Skip to content

jstac/mmc_econ

master
Switch branches/tags
Code

Latest commit

 

Git stats

Files

Permalink
Failed to load latest commit information.
Type
Name
Latest commit message
Commit time
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Stochastic Stabilty in Monotone Economies

This page collects files and computer code for the paper Stochastic Stability in Monotone Economies, by Takashi Kamihigashi and John Stachurski.

Publication Details

Forthcoming in Theoretical Economics

Abstract

This paper extends a family of well-known stability theorems for monotone economies to a significantly larger class of models. We provide a set of general conditions for existence, uniqueness and stability of stationary distributions when monotonicity holds. The conditions in our main result are both necessary and sufficient for global stability of monotone economies that satisfy a weak mixing condition introduced in the paper. Through our analysis we develop new insights into the nature and causes of stability and instability.

Code

The Python code in the repository was used to generate the two figures in the paper. Documentation in the code explains the function of each file.

About

No description, website, or topics provided.

Resources

Stars

Watchers

Forks

Releases

No releases published

Packages

No packages published

Languages