Algorithms for solving dynamic models with occasionally binding constraints
type: Item
instance of: scholarly article
title: Algorithms for solving dynamic models with occasionally binding constraints
zbMATH Open document ID: 0951.90048
DOI: 10.1016/S0165-1889(99)00016-0
publication date: 2000-08-21T00:00:00Z
review text: 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, accuracy and convenience of implementation, appear to dominate the other algorithms.
Mathematics Subject Classification ID: 90C39
Mathematics Subject Classification ID: 49L20
zbMATH DE Number: 1493218
zbMATH Keywords: dynamic models
zbMATH Keywords: parameterized expectation algorithms
zbMATH Keywords: speed
zbMATH Keywords: accuracy
zbMATH Keywords: convenience
author: Lawrence J. Christiano
author: Jonas D. M. Fisher
MaRDI profile type: Publication
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full work available at URL: s0165-1889(99)00016-0
OpenAlex ID: W2079141744
published in: Journal of Economic Dynamics and Control
description: scientific article; zbMATH DE number 1493218