Working Paper

Algorithms for solving dynamic models with occasionally binding constraints


Abstract: A description and comparison of several algorithms for approximating the solution to a model in which inequality constraints occasionally bind. Their performance is evaluated using various parameterizations of the one-sector growth model with irreversible investment.

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File(s): https://doi.org/10.26509/frbc-wp-199711
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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1997

Number: 9711