COMPUTING CONTINUOUS-TIME GROWTH MODELS WITH BOUNDARY CONDITIONS VIA WAVELETS

This paper presents an algorithm for approximating the solution of deterministic/stochastic continuous-time growth models based on the Euler's equation and the transversality conditions. The main issue for computing these models is to deal efficiently with the boundary conditions associated. This approach is a wavelets-collocation method derived from the finite-iterative trapezoidal approach. Illustrative examples are given.

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Year of publication:	2004-11
Authors:	Esteban-Bravo, Mercedes ; Vidal-Sanz, Jose M.
Institutions:	Departamento de Economía de la Empresa, Universidad Carlos III de Madrid

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Extent:	application/pdf
Series:	Business Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005190153