Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72020
Authors: 
Carroll, Christopher D.
Year of Publication: 
2005
Series/Report no.: 
Working Papers, The Johns Hopkins University, Department of Economics 520
Abstract: 
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.
Subjects: 
Dynamic optimization
precautionary saving
stochastic growth model
endogenous gridpoints
liquidity constraints
JEL: 
C6
D9
E2
Document Type: 
Working Paper

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