The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems

Christopher Carroll

No 309, NBER Technical Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper introduces a method for solving 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.

JEL-codes: C6 D9 E2 (search for similar items in EconPapers)
Date: 2005-06
New Economics Papers: this item is included in nep-cmp, nep-dev and nep-mac
Note: TWP
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Citations: View citations in EconPapers (34)

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Related works:
Journal Article: The method of endogenous gridpoints for solving dynamic stochastic optimization problems (2006)
Working Paper: The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems (2005)
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