policy function, which describes the harvesting and replanting decisions that should be implemented currently, given an … inherited forest. Bifurcation analysis is used to examine how the optimal policy function changes in response to variations in …

based on a simultaneous equation model consisting of the open-economy IS function, the monetary policy function, and …

Applying the monetary policy function, this paper finds that real GDP in Bangladesh is positively associated with real …

function over a fine grid, modified policy function iteration over a coarse grid and subsequent linear interpolation between …

function over a fine grid, modified policy function iteration over a coarse grid and subsequent linear interpolation between …

Policy function iteration methods for solving and analyzing dynamic stochastic general equilibrium models are powerful … reliance on grid-based methods have limited the use of policy function iteration as a solution algorithm. We reduce these costs …’s executable function. Within the class of policy function iteration methods, we advocate using time iteration with linear …