G17 - Financial Forecasting and Simulation - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T20:37:19+00:00Quantum Monte Carlo for Economics: Stress Testing and Macroeconomic Deep Learning
https://www.bankofcanada.ca/2022/06/staff-working-paper-2022-29/
Using the quantum Monte Carlo algorithm, we study whether quantum computing can improve the run time of economic applications and challenges in doing so. We apply the algorithm to two models: a stress testing bank model and a DSGE model solved with deep learning. We also present innovations in the algorithm and benchmark it to classical Monte Carlo.2022-06-28T15:47:31+00:00enQuantum Monte Carlo for Economics: Stress Testing and Macroeconomic Deep Learning2022-06-28Business fluctuations and cyclesCentral bank researchEconometric and statistical methodsEconomic modelsFinancial stabilityStaff Working Paper 2022-29https://www.bankofcanada.ca/wp-content/uploads/2022/06/swp2022-29.pdfStaff Working Paper 2022-29Vladimir SkavyshSofia PriazhkinaDiego GualaThomas BromleyJune 2022CC1C15C6C61C63C68C7EE1E13GG1G17G2G21