A generalization of the endogenous grid method
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Publication:1027389
DOI10.1016/j.jedc.2006.08.005zbMath1163.91469OpenAlexW2019784037MaRDI QIDQ1027389
Francisco Barillas, Jesús Fernández-Villaverde
Publication date: 1 July 2009
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2006.08.005
Dynamic programming (90C39) Economic growth models (91B62) Computational methods for problems pertaining to game theory, economics, and finance (91-08)
Related Items (11)
Ruling out multiplicity of smooth equilibria in dynamic games: a hyperbolic discounting example ⋮ 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 ⋮ A continuous-time model of sovereign debt ⋮ The method of endogenous gridpoints with occasionally binding constraints among endogenous variables ⋮ Income risk, macroeconomic and demographic change, and economic inequality in Japan ⋮ Envelope condition method versus endogenous grid method for solving dynamic programming problems ⋮ Higher taxes at the top? The role of tax avoidance ⋮ Computing equilibria in dynamic models with occasionally binding constraints
Cites Work
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- Algorithms and economic dynamics. Selected papers from the 2nd annual meeting of the Society for Computational Economics, Geneva, Switzerland, 1996
- Asymptotic methods for aggregate growth models
- An optimal one-way multigrid algorithm for discrete-time stochastic control
- Using Randomization to Break the Curse of Dimensionality
- Analysis of a Numerical Dynamic Programming Algorithm Applied to Economic Models
- Accuracy of Numerical Solutions Using the Euler Equation Residuals
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