Title of article
The method of endogenous gridpoints for solving dynamic stochastic optimization problems
Author/Authors
Christopher D. Carroll، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2006
Pages
9
From page
312
To page
320
Abstract
This paper introduces a solution method for numerical dynamic stochastic optimization problems that avoids rootfinding operations. The idea is applicable to many microeconomic and macroeconomic problems, including life cycle, buffer-stock, and stochastic growth problems. Software is provided
Keywords
dynamic optimization , Precautionary saving , Stochastic growth model , Endogenous gridpoints , Liquidity
Journal title
Economics Letters
Serial Year
2006
Journal title
Economics Letters
Record number
435936
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