A Contractive Method for Computing the Stationary Solution of the Euler Equation
A 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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|Date of creation:||01 Sep 2002|
|Date of revision:|
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