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Algorithms for Solving Dynamic Models with Occasionally Binding Constraints / Lawrence J. Christiano, Jonas D.M. Fisher.
- Format:
- Book
- Author/Creator:
- Christiano, Lawrence J.
- Series:
- Technical Working Paper Series (National Bureau of Economic Research) no. t0218.
- NBER technical working paper series no. t0218
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1997.
- Summary:
- We describe and compare several algorithms for approximating the solution to a model in" which inequality constraints occasionally bind. Their performance is evaluated and compared" using various parameterizations of the one sector growth model with irreversible investment. We" develop parameterized expectation algorithms which, on the basis of speed convenience of implementation, appear to dominate the other algorithms."
- Notes:
- Print version record
- October 1997.
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