|
|
 |
WinSolve™, by Richard Pierce, is a 32 bit Windows program for solving (nonlinear) models. The prime emphasis of the program is on
user friendliness and graphical presentation, making it ideal for those requiring a flexible and easy-to-use tool for solving models. It contains all the facilities needed by the professional
model builder. However, it will also be useful to the wider academic community, both for research and for teaching.
The
WinSolve project has been partly supported by an award from
the UK Economic and Social Science Research Council
under the Macroeconomic Modelling Programme.
The program has the following modelling facilities:
- It
will solve models in several different modes: statically,
dynamically, both as a system or individually
- It
will solve models incorporating forward looking variables.
Several algorithms are available including Fair-Taylor,
Newton's method and the method of parameterising expectations
- It
allows exogenisation (fixing) of model variables
- It
will perform target-instrument simulations
- It
will solve optimal control games with one or more players
- It
will perform stochastic simulation and has several alternative
methods for generating the stochastic shocks
In addition
WinSolve has the following features:
- Models
are written in a simple algebraic language and can be
edited within the program
- A
wide variety of data formats are supported including spreadsheet
formats (XLS and WKS) and the formats used by many popular
econometric packages (EViews,
OxMetrics,
GAUSS,
more)
- Data
can be created and edited within the program
- There
is a comprehensive help system including context dependent
help.
- The
only limit on the size of model that can be solved is
the user's available computer memory
- WinSolve
uses OLE to communicate with other Windows packages
WinSolve requires a 32 bit version of Windows such as Windows
95/98, Windows NT or Windows XP.
Reader
in Economics
Richard
Pierse received a BA in PPE from University of Oxford in 1976 and an MSc in Econometrics
from London School of Economics
in 1979. He has held research positions at the National Institute of Economic and Social Research,
London School of Economics and the Department of Applied Economics at the
University of Cambridge
where he worked from 1982-92. He was then at the Centre for
Economic Forecasting at the London Business School, before moving to the
University of Surrey
in 1995.
His main
research interest is in issues of aggregation in econometrics,
both across sectors and over time. He is also interested in
macroeconomic modelling and in economic computing. He has
published in the leading economics and econometrics journals
including Econometrica, Review of Economic Studies,
Journal of Econometrics, The Economic Journal
and the Journal of the American Statistical Association.
He is also a Consultant to the Bank
of England and a Visiting Fellow at the National Institute of Economic and Social Research.
He is
the author of a computer package, WinSolve, for solving
nonlinear macroeconomic models. Development of this software
was partly funded by the UK Economic
and Social Research Council.
Some recent working papers can be found here.
Information about teaching can be found here. |
| 
