A Contractive Method for Computing the Stationary Solution of the Euler Equation
AbstractA contractive method for computing stationary solutions of intertemporal equilibrium models is provided. The method is implemented using a contraction mapping derived from the first-order conditions. The deterministic dynamic programming problem is used to illustrate the method. Some numerical examples are performed.
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Bibliographic InfoPaper provided by FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil) in its series Economics Working Papers (Ensaios Economicos da EPGE) with number 456.
Date of creation: 01 Sep 2002
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Other versions of this item:
- Humberto Moreira & Wilfredo Maldonado, 2003. "A contractive method for computing the stationary solution of the Euler equation," Economics Bulletin, AccessEcon, vol. 3(1), pages 1-14.
- Wilfredo Maldonado & Humberto Moreira, 2002. "A contractive method for computing the stationary solution of the Euler equation," Computing in Economics and Finance 2002 21, Society for Computational Economics.
- Wilfredo Maldonado & Humberto Moreira, 2001. "A contractive method for computing the stationary solution of the Euler Equation," Textos para discussÃ£o 451, Department of Economics PUC-Rio (Brazil).
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
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