Solving the multi-country real business cycle model using a Smolyak-collocation method

DOI10.1016/j.jedc.2010.09.015zbMath1231.91366OpenAlexW2048952279MaRDI QIDQ622255

Dirk Krueger, Benjamin A. Malin, Felix Kubler

Publication date: 31 January 2011

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

Full work available at URL: https://www.zora.uzh.ch/id/eprint/41589/1/Solving_the_multi-country_real_business_cycle_model_using_al_smolyak-collocation_method_MKK.pdf

zbMATH Keywords

sparse gridscollocationinternational real business cycles

Mathematics Subject Classification ID

Computational methods for problems pertaining to game theory, economics, and finance (91-08) Heterogeneous agent models (91B69)

Related Items (11)

Envelope condition method with an application to default risk models ⋮ Nonlinear adventures at the zero lower bound ⋮ A Sparse Interpolation Algorithm for Dynamical Simulations in Computational Chemistry ⋮ A simple but powerful simulated certainty equivalent approximation method for dynamic stochastic problems ⋮ Computational suite of models with heterogeneous agents II: multi-country real business cycle models ⋮ Comparison of solutions to the multi-country real business cycle model ⋮ Solving the multi-country real business cycle model using ergodic set methods ⋮ Solving the multi-country real business cycle model using a monomial rule Galerkin method ⋮ Repeated moral hazard and recursive Lagrangeans ⋮ Smolyak method for solving dynamic economic models: Lagrange interpolation, anisotropic grid and adaptive domain ⋮ Dynamic programming with Hermite approximation

Cites Work

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• Solving the multi-country real business cycle model using ergodic set methods
• Solving the multi-country real business cycle model using a monomial rule Galerkin method
• Computing equilibrium in OLG models with stochastic production
• Advances in multidimensional integration
• A comparison between (quasi-)Monte Carlo and cubature rule based methods for solving high-dimensional integration problems
• High dimensional polynomial interpolation on sparse grids
• Sparse grids

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