Lower Bounds on Approximation Errors to Numerical Solutions of Dynamic Economic Models.

We propose a novel methodology for evaluating the accuracy of numerical solutions to dynamic economic models. It consists in constructing a lower bound on the size of approximation errors. A small lower bound on errors is a necessary condition for accuracy: If a lower error bound is unacceptably lar...

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Detalles Bibliográficos
Publicado en:Econometrica Vol. 85; no. 3; pp. 991 - 1013
Autores principales: Judd, Kenneth L., Maliar, Lilia, Maliar, Serguei
Formato: Artículo
Publicado: Wiley-Blackwell May2017
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Acceso en línea:Ver este registro en EBSCOhost