Kübler
Fakultäten » Wirtschaftswissenschaftliche Fakultät » Banking und Finance, Institut für » Prof. Dr. Felix Kübler » Kübler
Current research project
| Title / Titel | Using sparse grids to solve large-scale models with heterogeneous agents | ||
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| Abstract (PDF, 14 KB) | |||
| Summary / Zusammenfassung | This project examines how Smolyak's algorithm can be used to compute recursive solutions of dynamic economies with a sizeable number of state variables. First we demonstrate how this method works for the simplest example of the neoclassical growth model with productivity shocks. We then show how powerful this method may be in applications by computing the recursive solution of an international real business cycle model with a substantial number of countries and complete markets, without having to linearize the first order conditions to make the problem linear. | ||
| Project leadership and contacts / Projektleitung und Kontakte |
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| Funding source(s) / Unterstützt durch |
No project-specific funding |
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| Duration of Project / Projektdauer | Jan 2008 to Dec 2013 |