Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100716
Authors: 
Aruoba, S. Boragan
Fernandez-Villaverde, Jesus
Rubio-Ramirez, Juan Francisco
Year of Publication: 
2003
Series/Report no.: 
Working Paper, Federal Reserve Bank of Atlanta 2003-27
Abstract: 
This paper compares solution methods for dynamic equilibrium economies. The authors compute and simulate the stochastic neoclassical growth model with leisure choice using Undetermined Coefficients in levels and in logs, Finite Elements, Chebyshev Polynomials, Second and Fifth Order Perturbations and Value Function Iteration for several calibrations. The authors document the performance of the methods in terms of computing time, implementation complexity and accuracy and they present some conclusions about their preferred approaches based on the reported evidence.
Document Type: 
Working Paper

Files in This Item:
File
Size
423.54 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.