Titlebook: Dynamic General Equilibrium Modeling; Computational Method Burkhard Heer,Alfred Maußner Textbook 2024Latest edition The Editor(s) (if appli

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Burkhard Heer,Alfred MaußnerOffers an introduction to the use of numerical methods for solving dynamic general equilibrium models.Provides algorithms and program codes on an accompanying website.This is the 3rd completely revise

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Springer Texts in Business and Economicshttp://image.papertrans.cn/e/image/283603.jpg

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Discrete State Space Value Function Iterationimations of the policy functions that determine the endogenous variables given the current state of the economy. In this chapter, we switch the perspective from the Euler equations approach to the dynamic programming approach

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Function Approximationed in Chaps. .–., the discrete state space methods of Chap. ., and the weighted residuals methods of Chap. .. This chapter gathers the most useful tools for this purpose. First, we clarify the notion of function approximation in the next section. We distinguish between local and global methods.

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