Article ID Journal Published Year Pages File Type
9549500 Economics Letters 2005 6 Pages PDF
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
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Solving nonlinear dynamic stochastic models: an algorithm computing value function by simulations
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