TY  - JOUR
AU  - Carroll,Christopher D.
TI  - The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems
JF  - National Bureau of Economic Research Technical Working Paper Series
VL  - No. 309
PY  - 2005
Y2  - June 2005
UR  - http://www.nber.org/papers/t0309
L1  - http://www.nber.org/papers/t0309.pdf
N1  - Author contact info:
Christopher D. Carroll
Department of Economics
Mergenthaler 440
Johns Hopkins University
Baltimore, MD 21218
Tel: 410/516-7602
Fax: 410/516-7600
E-Mail: ccarroll@jhu.edu
AB  - 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.
ER  -