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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w28502 |
来源ID | Working Paper 28502 |
A Simple but Powerful Simulated Certainty Equivalent Approximation Method for Dynamic Stochastic Problems | |
Yongyang Cai; Kenneth L. Judd | |
发表日期 | 2021-03-01 |
出版年 | 2021 |
语种 | 英语 |
摘要 | We introduce a novel simulated certainty equivalent approximation (SCEQ) method for solving dynamic stochastic problems. Our examples show that this method only requires a desktop computer to solve high-dimensional finite- or infinite-horizon, stationary or nonstationary dynamic stochastic problems with hundreds of state variables, a wide state space, and occasionally binding constraints. The SCEQ method is simple, stable, and efficient, which makes it suitable for solving complex economic problems that cannot be solved by other algorithms. |
主题 | Microeconomics ; Mathematical Tools ; Macroeconomics ; Business Cycles ; Monetary Policy ; Environmental and Resource Economics ; Environment |
URL | https://www.nber.org/papers/w28502 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586174 |
推荐引用方式 GB/T 7714 | Yongyang Cai,Kenneth L. Judd. A Simple but Powerful Simulated Certainty Equivalent Approximation Method for Dynamic Stochastic Problems. 2021. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w28502.pdf(895KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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