Solving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithm and non-stochastic simulations
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Publication:1046040
DOI10.1016/J.JEDC.2008.11.010zbMath1179.91011OpenAlexW2001327034MaRDI QIDQ1046040
Publication date: 21 December 2009
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2008.11.010
Macroeconomic theory (monetary models, models of taxation) (91B64) Computational methods for problems pertaining to game theory, economics, and finance (91-08) Dynamic stochastic general equilibrium theory (91B51) Heterogeneous agent models (91B69)
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Cites Work
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- Solving heterogeneous-agent models with parameterized cross-sectional distributions
- Computational suite of models with heterogeneous agents: incomplete markets and aggregate uncertainty
- Assessing the accuracy of the aggregate law of motion in models with heterogeneous agents
- The method of endogenous gridpoints for solving dynamic stochastic optimization problems
- SOLVING DYNAMIC MODELS WITH AGGREGATE SHOCKS AND HETEROGENEOUS AGENTS
- INCOME AND WEALTH HETEROGENEITY, PORTFOLIO CHOICE, AND EQUILIBRIUM ASSET RETURNS
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