Solving the stochastic growth model by backsolving with a particular nonlinear form for the decision rule

Journal of Business and Economic Statistics

Volumn 8, Issue 1, 1990, Pages 45-47

  Sims, Christopher A ^a  

^a UNIVERSITY OF MINNESOTA   (United States)

Author keywords

Approximation; Dynamic programming; Euler equation; Optimization

Indexed keywords

EID: 0010920585     PISSN: 07350015     EISSN: 15372707     Source Type: Journal    
DOI: 10.1080/07350015.1990.10509775     Document Type: Article

References (3)

1. Golub, G. H., and Van Loan, C. F. (1983), Matrix Computations, Baltimore: Johns Hopkins University Press.
2. Kydland, F., and Prescott, E. (1982), “Time to Build and Aggregate Fluctuations,” Econometrica, 50, 1345-1370.
3. Sims, Christopher A. (1989), “Solving Nonlinear Stochastic Optimization and Equilibrium Problems Backwards,” Discussion Paper 15, Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis.