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Algorithms for solving dynamic models with occasionally binding constraints

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  • Christiano, Lawrence J.
  • Fisher, Jonas D. M.

Abstract

A description and comparison of several algorithms for approximating the solution to a model in which inequality constraints occasionally bind. Their performance is evaluated using various parameterizations of the one-sector growth model with irreversible investment.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 24 (2000)
Issue (Month): 8 (July)
Pages: 1179-1232

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Handle: RePEc:eee:dyncon:v:24:y:2000:i:8:p:1179-1232

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