NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Algorithms for Solving Dynamic Models with Occasionally Binding Constraints

Lawrence J. Christiano, Jonas D.M. Fisher

NBER Technical Working Paper No. 218
Issued in October 1997
NBER Program(s):Economic Fluctuations and Growth

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 convenience of implementation, appear to dominate the other algorithms."

This paper is not currently available on-line.
No more information is available.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/t0218

Published: Christiano, Lawrence J. and Jonas D.M. Fisher. "Algorithms For Solving Dynamic Models With Occasionally Binding Constraints," Journal of Economic Dynamics and Control, 2000, v24(8,Jul), 1179-1232.

Users who downloaded this paper also downloaded* these:
Hubbard w6245 Consumer Beliefs and Buyer and Seller Behavior in the Vehicle Inspection Market
Williamson w6244 Growth, Distribution and Demography: Some Lessons from History
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us