Numerical Solution of Dynamic Economic Models

Manuel Santos

No 9804, Working Papers from Centro de Investigacion Economica, ITAM

Abstract: This chapter is concerned with numerical simulation of dynamic economic models. We focus on some basic algorithms and study their accuracy and stability properties. This analysis is useful for an optimal implementation and testing of these procedures, as well as to evaluate their performance. Several examples are provided in order to illustrate the functioning and efficiency of these algorithms.

Keywords: Dynamic economic model; value function; policy function; Euler equation; numerical algorithm; numerical solution; approximation error. (search for similar items in EconPapers)
JEL-codes: C61 C63 C68 (search for similar items in EconPapers)
Pages: 92 pages
Date: 1998-03
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:cie:wpaper:9804

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