The method of endogenous gridpoints with occasionally binding constraints among endogenous variables

DOI10.1016/J.JEDC.2010.05.002MaRDI QIDQ602989zbMATH OpenOpenAlexFDO

Authors Thomas Hintermaier, Winfried Koeniger

Publication date 5 November 2010

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.2010.05.002

zbMATH Keywords

collateralized debtdurablesendogenous gridpoints methodoccasionally binding constraints

Mathematics Subject Classification ID

Numerical methods (including Monte Carlo methods) (91G60)

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Cites work

• A generalization of the endogenous grid method
• Algorithms for solving dynamic models with occasionally binding constraints
• Approximate Dynamic Programming
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• Comparing solution methods for dynamic equilibrium economies
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• scientific article; zbMATH DE number 1873658 (Why is no real title available?)
• Projection methods for solving aggregate growth models
• Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral
• The method of endogenous gridpoints for solving dynamic stochastic optimization problems

Cited in

(15)

• Algorithms for solving dynamic models with occasionally binding constraints
• A general endogenous grid method for multi-dimensional models with non-convexities and constraints
• The method of endogenous gridpoints in theory and practice
• Multidimensional endogenous gridpoint method: solving triangular dynamic stochastic optimization problems without root-finding operations
• Computing equilibria in dynamic models with occasionally binding constraints
• An envelope method for solving continuous-time stochastic models with occasionally binding constraints
• Higher taxes at the top? The role of tax avoidance
• Solution of continuous-time dynamic models with inequality constraints
• Household debt and crises of confidence
• Precautionary savings, illiquid assets, and the aggregate consequences of shocks to household income risk
• Occasionally binding liquidity constraints and macroeconomic dynamics
• Monotonicity of savings function in endogenous gridpoint method with stochastic portfolio returns
• Differences in euro-area household finances and their relevance for monetary-policy transmission
• Hank on speed: robust nonlinear solutions using automatic differentiation
• Finite elements in the presence of occasionally binding constraints

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Uses Software

• CompEcon

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