Numerical Solution of Dynamic Economic Models

This chapter is concerned with numerical simulation of dynamic economic models. We focus on some basic algorithms and study their accuracy and stability properties. This analysis is useful for an optimal implementation and testing of these procedures, as well as to evaluate their performance. Several examples are provided in order to illustrate the functioning and efficiency of these algorithms.

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Year of publication:	1998-03
Authors:	Santos, Manuel
Institutions:	Centro de Investigación Económica (CIE), Departamento Académico de Economía
Subject:	Dynamic economic model \| value function \| policy function \| Euler equation \| numerical algorithm \| numerical solution \| approximation error

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 9804 92 pages
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C63 - Computational Techniques ; C68 - Computable General Equilibrium Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005151246