Solving the stochastic growth model with a finite element method

DOI10.21034/wp.514 10.1016/0165-1889(94)00842-0; 10.21034/wp.514zbMath0875.90139MaRDI QIDQ1350636

Ellen R. McGrattan

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(94)00842-0

zbMATH Keywords

Finite element method; Growth model

Mathematics Subject Classification ID

60H10: Stochastic ordinary differential equations (aspects of stochastic analysis)

91B62: Economic growth models

93E03: Stochastic systems in control theory (general)

65L60: Finite element, Rayleigh-Ritz, Galerkin and collocation methods for ordinary differential equations

Related Items

Temporal aggregation in a multi-sector economy with endogenous growth, Finite elements in the presence of occasionally binding constraints, Grouping for optimal growth, Algorithms for solving dynamic models with occasionally binding constraints

Cites Work

• Parallel stochastic dynamic programming: Finite element methods
• Projection methods for solving aggregate growth models
• Algorithms for solving dynamic models with occasionally binding constraints
• Time to Build and Aggregate Fluctuations
• Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item