Persistent Stochastic Shocks in a New Keynesian Model With Uncertainty 2016
DOI: 10.1007/978-3-658-15639-8_4
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Model with Uncertainty

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“…The original SPPT scheme is also referred to as the Buizza-Miller-Palmer (BMP) scheme (Buizza et al, 1999). The BMP scheme was later replaced by a more efficient spectral pattern generator created by Palmer et al (2009). This SPPT scheme assumes that the method of averaging is not effective and that parameterization uncertainties are representable as multiplicative noise terms.…”
Section: The Stochastically Perturbed Parameterization Schemesmentioning
confidence: 99%
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“…The original SPPT scheme is also referred to as the Buizza-Miller-Palmer (BMP) scheme (Buizza et al, 1999). The BMP scheme was later replaced by a more efficient spectral pattern generator created by Palmer et al (2009). This SPPT scheme assumes that the method of averaging is not effective and that parameterization uncertainties are representable as multiplicative noise terms.…”
Section: The Stochastically Perturbed Parameterization Schemesmentioning
confidence: 99%
“…The European Centre for Medium-Range Weather Forecasts (ECMWF) has employed the stochastic parameterization scheme describing unresolved subgrid (Berner et al, 2009;Palmer et al, 2009;Leutbecher et al, 2017). This new ensemble approach is capable of sampling the instability of unsolved atmospheric processes, and this technique could be modified to monitor the model error representation capability.…”
Section: Introductionmentioning
confidence: 99%