NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems

Christopher D. Carroll

NBER Technical Working Paper No. 309
Issued in June 2005
NBER Program(s):   TWP

This paper introduces a method for solving numerical dynamic stochastic optimization problems that avoids rootfinding operations. The idea is applicable to many microeconomic and macroeconomic problems, including life cycle, buffer-stock, and stochastic growth problems. Software is provided.

download in pdf format
   (186 K)

email paper

This paper is available as PDF (186 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/t0309

Users who downloaded this paper also downloaded these:
Taylor and Uhlig w3117 Solving Nonlinear Stochastic Growth Models: A Comparison of Alternative Solution Methods
Carroll w10867 Theoretical Foundations of Buffer Stock Saving
Judd, Maliar, and Maliar w15296 Numerically Stable Stochastic Simulation Approaches for Solving Dynamic Economic Models
Gaspar and Judd t0207 Solving Large Scale Rational Expectations Models
Schmitt-Grohe and Uribe t0282 Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

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

Contact Us