Algorithms for Solving Dynamic Models with Occasionally Binding Constraints

Lawrence Christiano and Jonas Fisher

No 218, NBER Technical Working Papers from National Bureau of Economic Research, Inc

Abstract: We describe and compare several algorithms for approximating the solution to a model in" which inequality constraints occasionally bind. Their performance is evaluated and compared" using various parameterizations of the one sector growth model with irreversible investment. We" develop parameterized expectation algorithms which, on the basis of speed convenience of implementation, appear to dominate the other algorithms."

JEL-codes: C6 C63 (search for similar items in EconPapers)
Date: 1997-10
New Economics Papers: this item is included in nep-evo
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Citations: View citations in EconPapers (13)

Published as Christiano, Lawrence J. and Jonas D.M. Fisher. "Algorithms For Solving Dynamic Models With Occasionally Binding Constraints," Journal of Economic Dynamics and Control, 2000, v24(8,Jul), 1179-1232.

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Related works:
Journal Article: Algorithms for solving dynamic models with occasionally binding constraints (2000)
Working Paper: Algorithms for solving dynamic models with occasionally binding constraints (1997)
Working Paper: Algorithms for solving dynamic models with occasionally binding constraints (1997)
Working Paper: Algorithms for solving dynamic models with occasionally binding constraints (1994)
Working Paper: Algorithms for solving dynamic models with occasionally binding constraints (1994)
Working Paper: Algorithms for Solving Dynamic Models with Occasionally Binding Constraints (1994)
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