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
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
Journal title :
Economics Letters
