NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems

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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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