Assistant Professor Kyle Herkenhoff

CLA Economics
College of Liberal Arts
Twin Cities
Project Title: 
Quantitative Economics

This group is working on several projects that require large Monte Carlo simulations and computing high-dimensional Bellman equations. Solving these Bellman equations using standard grid methods is demanding, but it must be done since the functions being solved for are kinked, non-convex, and cannot be characterized using faster methods.

The Monte Carlos can be efficiently parallelized and scaled, so MSI provides the ideal setting to efficiently estimate the model parameters. 

Project Investigators

John Carter Braxton
Assistant Professor Kyle Herkenhoff
 
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