Algorithms for solving dynamic models with occasionally binding constraints

@article{citeulike:130085, abstract = {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.}, author = {Christiano, Lawrence J. and Fisher, Jonas D.}, citeulike-article-id = {130085}, doi = {10.1016/S0165-1889(99)00016-0}, journal = {Journal of Economic Dynamics and Control}, keywords = {macroeconomics, numericalmethods}, month = {July}, number = {8}, pages = {1179--1232}, posted-at = {2005-03-16 15:16:00}, priority = {2}, title = {Algorithms for solving dynamic models with occasionally binding constraints}, url = {http://dx.doi.org/10.1016/S0165-1889(99)00016-0}, volume = {24}, year = {2000} }

TY - JOUR ID - citeulike:130085 L3 - citeulike-article-id:130085 N2 - 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. IS - 8 JF - Journal of Economic Dynamics and Control EP - 1232 TI - Algorithms for solving dynamic models with occasionally binding constraints VL - 24 SP - 1179 KW - macroeconomics KW - numericalmethods AU - Christiano, Lawrence AU - Fisher, Jonas PY - 2000/07// UR - http://dx.doi.org/10.1016/S0165-1889(99)00016-0 ER -