Solving the stochastic growth model with a finite element method

DOI10.1016/0165-1889(94)00842-0zbMath0875.90139OpenAlexW2072159009MaRDI QIDQ1350636

Ellen R. McGrattan

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(94)00842-0

zbMATH Keywords

Finite element methodGrowth model

Mathematics Subject Classification ID

Stochastic ordinary differential equations (aspects of stochastic analysis) (60H10) Economic growth models (91B62) Stochastic systems in control theory (general) (93E03) Finite element, Rayleigh-Ritz, Galerkin and collocation methods for ordinary differential equations (65L60)

Related Items (7)

An envelope method for solving continuous-time stochastic models with occasionally binding constraints ⋮ Perturbation solution and welfare costs of business cycles in DSGE models ⋮ A nonlinear stochastic growth model on discrete time domains ⋮ Finite elements in the presence of occasionally binding constraints ⋮ Temporal aggregation in a multi-sector economy with endogenous growth ⋮ Grouping for optimal growth ⋮ Algorithms for solving dynamic models with occasionally binding constraints

Cites Work

• Parallel stochastic dynamic programming: Finite element methods
• Projection methods for solving aggregate growth models
• Algorithms for solving dynamic models with occasionally binding constraints
• Time to Build and Aggregate Fluctuations
• Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item

This page was built for publication: Solving the stochastic growth model with a finite element method