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Block Kalman Filtering for Large-Scale DSGE Models
Sveriges Riksbank.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2008 (English)In: Computational Economics, ISSN 0927-7099, E-ISSN 1572-9974, Vol. 33, no 3, p. 277-304Article in journal (Refereed) Published
Abstract [en]

Parallel computation has a long history in econometric computing, but is not at all wide spread. We believe that a major impediment is the labour cost of coding for parallel architectures. Moreover, programs for specific hardware often become obsolete quite quickly. Our approach is to take a popular matrix programming language (Ox), and implement a message-passing interface using MPI. Next, object-oriented programming allows us to hide the specific parallelization code, so that a program does not need to be rewritten when it is ported from the desktop to a distributed network of computers. Our focus is on so-called embarrassingly parallel computations, and we address the issue of parallel random number generation.

Place, publisher, year, edition, pages
2008. Vol. 33, no 3, p. 277-304
Keywords [en]
Kalman …lter, DSGE model, Bayesian estimation, Computationalspeed, Algorithm, Fortran, Matlab
National Category
Economics
Identifiers
URN: urn:nbn:se:uu:diva-492192DOI: 10.1007/s10614-008-9160-4OAI: oai:DiVA.org:uu-492192DiVA, id: diva2:1723369
Available from: 2023-01-03 Created: 2023-01-03 Last updated: 2023-01-04

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