Computing equilibria in infinite-horizon
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Kenneth L. Judd; Felix Kubler; Karl Schmedders
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Article
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2000
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Elsevier Science
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English
โ 242 KB
We develop methods to compute equilibria in dynamic models with incomplete asset markets and heterogeneous agents. Using spline interpolation methods we approximate recursive trading policies of the agents and the equilibrium pricing functions. We explore various methods for determining the coe$cien