Computing equilibrium in OLG models with
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Dirk Krueger; Felix Kubler
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Article
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2004
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Elsevier Science
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English
⚖ 355 KB
In this paper we develop a projection algorithm to approximate equilibria in overlapping generations economies with a large number of generations and stochastic aggregate production. In these types of economies the state space includes the distribution of wealth across generations. We use Smolyak's