Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062815 | Economics Letters | 2006 | 9 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Christopher D. Carroll,