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MARCO MAFFEZZOLI

Bewley models (discretization of state space)

The programs available here solve some standard heterogeneous agents economies without aggregate uncertainty. For the sake of exposition, the solution method is very simple: discrete value function iteration on a fixed grid, as in Ch. 4 of "Recursive Macroeconomic Theory, 2ed", 2004, by Lars Lundquist and Thomas Sargent.

Modificato il 22/12/2012