The method of endogenous gridpoints for solving dynamic stochastic optimization problems

被引：158

作者：

Carroll, CD ^{[1
]}

机构：

[1] Johns Hopkins Univ, Dept Econ, Baltimore, MD 21218 USA

来源：

ECONOMICS LETTERS | 2006年 / 91卷 / 03期

关键词：

dynamic optimization; precautionary saving; stochastic growth model; endogenous gridpoints; liquidity constraints;

D O I：

10.1016/j.econlet.2005.09.013

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper introduces a solution method for 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. (c) 2005 Elsevier B.V. All rights reserved.

引用

页码：312 / 320

页数：9

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