Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5099638 | Journal of Economic Dynamics and Control | 2011 | 8 Pages |
Abstract
This paper shows how to build algorithms that use graphics processing units (GPUs) installed in most modern computers to solve dynamic equilibrium models in economics. In particular, we rely on the compute unified device architecture (CUDA)Â of NVIDIA GPUs. We illustrate the power of the approach by solving a simple real business cycle model with value function iteration. We document improvements in speed of around 200 times and suggest that even further gains are likely.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Eric M. Aldrich, Jesús Fernández-Villaverde, A. Ronald Gallant, Juan F. Rubio-RamÃrez,