Maliar, Lilia; Maliar, Serguei; Villemot, Sébastien - In: Computational Economics 42 (2013) 3, pp. 307-325
Local (perturbation) methods compute solutions in one point and tend to deliver far lower accuracy levels than global solution methods. We develop a hybrid method that solves for some policy functions locally (using a perturbation method) and that solves for the other policy functions globally...
