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.

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Document Object Identifier (DOI): 10.3386/t0309

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