A generalization of the endogenous grid method

DOI10.1016/J.JEDC.2006.08.005MaRDI QIDQ1027389zbMATH OpenOpenAlexFDO

Authors Francisco Barillas, Jesús Fernández-Villaverde

Publication date 1 July 2009

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2006.08.005

zbMATH Keywords

computational methodsDSGE modelsvalue function iteration

Mathematics Subject Classification ID

Dynamic programming (90C39) Computational methods for problems pertaining to game theory, economics, and finance (91-08) Economic growth models (91B62)

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Cites work

• Accuracy of Numerical Solutions Using the Euler Equation Residuals
• Algorithms and economic dynamics. Selected papers from the 2nd annual meeting of the Society for Computational Economics, Geneva, Switzerland, 1996
• An optimal one-way multigrid algorithm for discrete-time stochastic control
• Analysis of a Numerical Dynamic Programming Algorithm Applied to Economic Models
• Asymptotic methods for aggregate growth models
• Comparing solution methods for dynamic equilibrium economies
• Computing equilibrium in OLG models with stochastic production
• Projection methods for solving aggregate growth models
• Using Randomization to Break the Curse of Dimensionality

Cited in

(17)

• Solving the neoclassical growth model with quasi-geometric discounting: a grid-based Euler-equation method
• A general endogenous grid method for multi-dimensional models with non-convexities and constraints
• Envelope condition method with an application to default risk models
• The method of endogenous gridpoints in theory and practice
• Multidimensional endogenous gridpoint method: solving triangular dynamic stochastic optimization problems without root-finding operations
• The method of endogenous gridpoints for solving dynamic stochastic optimization problems
• A solution method for consumption decisions in a dynamic stochastic general equilibrium model
• Computing equilibria in dynamic models with occasionally binding constraints
• Efficient VAR discretization
• Higher taxes at the top? The role of tax avoidance
• Envelope condition method versus endogenous grid method for solving dynamic programming problems
• A continuous-time model of sovereign debt
• Ruling out multiplicity of smooth equilibria in dynamic games: a hyperbolic discounting example
• Income risk, macroeconomic and demographic change, and economic inequality in Japan
• The endogenous grid method for discrete-continuous dynamic choice models with (or without) taste shocks
• The method of endogenous gridpoints with occasionally binding constraints among endogenous variables
• Artificial neural networks to solve dynamic programming problems: a bias-corrected Monte Carlo operator

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