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International Finance Discussion Papers
The International Finance Discussion Papers logo links to the International Finance Discussion Papers home page An Algorithm To Solve Dynamic Models
Wilbur John Coleman II
1989-351  (May 1989)

Abstract:  This paper presents an algorithm to solve recursive systems, formulated in discrete or continuous time, which have an endogenous state variable. The basis of the algorithm is a fixed point equation in the function from the state variables to the control variables.

Full paper(241 KB PDF)



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