Solving the income fluctuation problem with unbounded rewards

DOI10.1016/J.JEDC.2014.06.003MaRDI QIDQ1994615zbMATH OpenOpenAlexFDO

Authors Huiyu Li, John Stachurski

Publication date 1 November 2018

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.2014.06.003

zbMATH Keywords

global convergencepolicy iterationtime iterationColeman operator

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 5562045 (Why is no real title available?)
• A qualitative approach to Markovian equilibrium in infinite horizon economies with capital
• Accuracy of Numerical Solutions Using the Euler Equation Residuals
• Equilibrium in a Production Economy with an Income Tax
• Existence and uniqueness of equilibrium in distorted dynamic economies with capital and labor
• Markovian equilibrium in infinite horizon economies with incomplete markets and public policy
• On the Behaviour of Commodity Prices
• On the existence of nonoptimal equilibria in dynamic stochastic economies
• Optimal Tax Progressivity: An Analytical Framework*
• Recursive equilibria in an Aiyagari-style economy with permanent income shocks
• Some results on An income fluctuation problem
• Stochastic optimal growth with bounded or unbounded utility and with bounded or unbounded shocks
• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• When do borrowing constraints bind? Some new results on the income fluctuation problem

Cited in

(10)

• Perov's contraction principle and dynamic programming with stochastic discounting
• The income fluctuation problem and the evolution of wealth
• A theory of the saving rate of the rich
• An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity
• The effect of interest rates on consumption in an income fluctuation problem
• On the existence and uniqueness of stationary equilibrium in Bewley economies with production
• Recent advances on uniqueness of competitive equilibrium
• Corrigendum to ``An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity
• Uniqueness of equilibrium in a Bewley-Aiyagari model
• Asymptotic linearity of consumption functions and computational efficiency

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