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 Department of Economics PUC-Rio (Brazil) in its series Textos para discussão with number 451.
Length: 14 pages
Date of creation: Dec 2001
Date of revision:
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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.
- Moreira, Humberto Ataíde & Maldonado, Wilfredo L., 2002. "A Contractive Method for Computing the Stationary Solution of the Euler Equation," Economics Working Papers (Ensaios Economicos da EPGE) 456, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
- 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.
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
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