TY  - JOUR
AU  - Christiano,Lawrence J.
AU  - Fisher,Jonas D.M.
TI  - Algorithms for Solving Dynamic Models with Occasionally Binding Constraints
JF  - National Bureau of Economic Research Technical Working Paper Series
VL  - No. 218
PY  - 1997
Y2  - October 1997
UR  - http://www.nber.org/papers/t0218
N1  - Author contact info:
Lawrence Christiano
Department of Economics
Northwestern University
2001 Sheridan Road
Evanston, IL 60208
Tel: 847/491-8231
Fax: 847/491-7001
E-Mail: l-christiano@northwestern.edu

Jonas Fisher
Economic Research Department
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, IL  60604
Tel: 312/312-8177
Fax: NA
E-Mail: jfisher@frbchi.org
AB  - 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."
ER  -