A contractive method for computing the stationary solution of the Euler equation

A contractive method for computing stationary solutions of intertemporal equilibrium models is provided. The method is implemented using a contraction mapping derived from the first-order conditions. The deterministic dynamic programming problem is used to illustrate the method. Some numerical examples are performed.

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Year of publication:	2003
Authors:	Moreira, Humberto ; Maldonado, Wilfredo
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 3.2003, 1, p. 1-14
Publisher:	AccessEcon
Keywords:	contractive method stationary solutions Euler equation

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C6 - Mathematical Methods and Programming
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005416910