Macroeconomics

Macroeconomics Challenges

 

How Much Can a Nation Save?

This challenge was done in collaboration with MIT. From Topcoder, "Economists traditionally use mathematcial models focused on the decisions of a representative agent living for T periods. At each period, the agent chooses how much to consume and save while facing uncertainty about future income." This information can be used to calculated the agent's overall being. The competitors in this challenge were tasked with develping an algorithm that dictated how much an agent should save at each period to maximize his or her expected well-being. This type of information can help countries decide on the optimal level of investments to maximize national welfare. To see the problem statement and results, go the the challenge website. (2016)