Comparing accuracy of second-order approximation and dynamic programming
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Publication:2385188
DOI10.1007/S10614-007-9087-1zbMATH Open1282.91209OpenAlexW2069077944MaRDI QIDQ2385188FDOQ2385188
Authors: Stephanie Becker, Lars Grüne, Willi Semmler 
Publication date: 11 October 2007
Published in: Computational Economics (Search for Journal in Brave)
Full work available at URL: https://epub.uni-bayreuth.de/5545/1/gruene_et_al_comparing_acc_comp_econ_2007.pdf
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- Accuracy in Simulations
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Cited In (14)
- Linearization and higher-order approximations: How good are they? Results from an endogeneous growth model with public capital
- Accuracy of Numerical Solutions Using the Euler Equation Residuals
- Second-order approximation of dynamic models without the use of tensors
- Asset pricing with loss aversion
- How misleading is linearization? Evaluating the dynamics of the neoclassical growth model
- Strict dissipativity for discrete time discounted optimal control problems
- Global dynamics in a model with search and matching in labor and capital markets
- Solving dynamic general equilibrium models using a second-order approximation to the policy function
- Asset pricing with dynamic programming
- The real consequences of financial stress
- Estimating a banking-macro model using a multi-regime VAR
- Calculating and using second-order accurate solutions of discrete time dynamic equilibrium models
- Second-order approximation of dynamic models with time-varying risk
- Beating a Benchmark: Dynamic Programming May Not Be the Right Numerical Approach
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