Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9549500 | Economics Letters | 2005 | 6 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Lilia Maliar, Serguei Maliar,