Solving the stochastic growth model with a finite element method

DOI10.1016/0165-1889(94)00842-0MaRDI QIDQ1350636zbMATH OpenOpenAlexFDO

Authors Ellen R. McGrattan

Publication date 27 February 1997

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

Copyright license Creative Commons Attribution-NonCommercial 4.0 International

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

zbMATH Keywords

Finite element methodGrowth model

Mathematics Subject Classification ID

Stochastic ordinary differential equations (aspects of stochastic analysis) (60H10) Finite element, Rayleigh-Ritz, Galerkin and collocation methods for ordinary differential equations (65L60) Economic growth models (91B62) Stochastic systems in control theory (general) (93E03)

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Cites work

• scientific article; zbMATH DE number 3942888 (Why is no real title available?)
• scientific article; zbMATH DE number 4033243 (Why is no real title available?)
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• scientific article; zbMATH DE number 1243473 (Why is no real title available?)
• scientific article; zbMATH DE number 3894417 (Why is no real title available?)
• Algorithms for solving dynamic models with occasionally binding constraints
• Parallel stochastic dynamic programming: Finite element methods
• Projection methods for solving aggregate growth models
• Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models
• Time to Build and Aggregate Fluctuations

Cited in

(7)

• Temporal aggregation in a multi-sector economy with endogenous growth
• A nonlinear stochastic growth model on discrete time domains
• Grouping for optimal growth
• Finite elements in the presence of occasionally binding constraints
• Perturbation solution and welfare costs of business cycles in DSGE models
• An envelope method for solving continuous-time stochastic models with occasionally binding constraints
• Algorithms for solving dynamic models with occasionally binding constraints

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