Solving the income fluctuation problem with unbounded rewards

DOI10.1016/j.jedc.2014.06.003zbMath1402.91375OpenAlexW2074600769MaRDI QIDQ1994615

Huiyu Li, John Stachurski

Publication date: 1 November 2018

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2014.06.003

zbMATH Keywords

global convergencepolicy iterationtime iterationColeman operator

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Related Items (9)

The effect of interest rates on consumption in an income fluctuation problem ⋮ The income fluctuation problem and the evolution of wealth ⋮ Uniqueness of equilibrium in a Bewley-Aiyagari model ⋮ An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity ⋮ On the existence and uniqueness of stationary equilibrium in Bewley economies with production ⋮ A theory of the saving rate of the rich ⋮ Perov's contraction principle and dynamic programming with stochastic discounting ⋮ Asymptotic linearity of consumption functions and computational efficiency ⋮ Corrigendum to ``An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity

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