Haan, Wouter J. Den - In: Journal of Economic Dynamics and Control 34 (2010) 1, pp. 4-27
This paper compares numerical solutions to the model of Krusell and Smith [1998. Income and wealth heterogeneity in the macroeconomy. Journal of Political Economy 106, 867-896] generated by different algorithms. The algorithms have very similar implications for the correlations between different...