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  • Search: subject:"Howard algorithm"
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Subject
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Dynamisches Gleichgewicht 1 Howard's algorithm 1 Mathematische Optimierung 1 Theorie 1 acceleration 1 cubic interpolation 1 policy function iteration 1 stochastic Ramsey model 1 value function iteration 1
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Free 1
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Book / Working Paper 1
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Working Paper 1
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English 1
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Heer, Burkhard 1 Maußner, Alfred 1
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CESifo Working Paper 1
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EconStor 1
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Value function iteration as a solution method for the Ramsey model
Heer, Burkhard; Maußner, Alfred - 2008
Value function iteration is one of the standard tools for the solution of the Ramsey model. We compare six different ways of value function iteration with regard to speed and precision. We find that value function iteration with cubic spline interpolation between grid points dominates the other...
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