An algorithm to solve dynamic models

This paper presents an algorithm to solve recursive systems, formulated in discrete or continuous time, which have an endogenous state variable. The basis of the algorithm is a fixed point equation in the function from the state variables to the control variables.

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Year of publication:	1989
Authors:	II, Wilbur John Coleman
Institutions:	Federal Reserve Board (Board of Governors of the Federal Reserve System)
Subject:	Economics

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Extent:	text/html application/pdf
Series:	International Finance Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 351
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005498776