Title of article
Solving nonlinear dynamic stochastic models: an algorithm computing value function by simulations
Author/Authors
Lilia Maliar، نويسنده , , Serguei Maliar، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
6
From page
135
To page
140
Abstract
This paper presents an algorithm for solving nonlinear dynamic stochastic models that computes value function by simulations. We argue that the proposed algorithm can be a useful alternative to the existing methods in some applications.
Keywords
Nonlinear stochastic models , value function , Parameterized expectations , Monte Carlo simulations , numerical
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435647
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