An algorithm to solve dynamic models

Wilbur Coleman

No 351, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This paper presents an algorithm to solve recursive systems, formulated in discrete or continuous time, which have an endogenous state variable. The basis of the algorithm is a fixed point equation in the function from the state variables to the control variables.

Keywords: Economics (search for similar items in EconPapers)
Date: 1989
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Citations: View citations in EconPapers (4)

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