Accuracy of numerical solutions using the Euler equation residuals.
This paper is concerned with asymptotic properties on the accuracy of numerical solutions. It is shown that the approximation error of the policy function is of the order of magnitude as the size of the Euler equation residuals. Moreover, for bounding this approximation error the most relevant par...
| Publicado en: | Econometrica Vol. 68; no. 6; pp. 1377 - 1403 |
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| Formato: | Artículo |
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Wiley-Blackwell
November 2000
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=513036679&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 513036679 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00129682 ECN jtl: Econometrica issn: 00129682 maglogo: N pubinfo: dt: November 2000 vid: 68 iid: 6 pid: 480 pub: Wiley-Blackwell artinfo: ui: 513036679 10.1111/1468-0262.00165 ppf: 1377 ppct: 26 formats: tig: atl: Accuracy of numerical solutions using the Euler equation residuals. aug: au: Santos, Manuel S. su: Euler theorem Error analysis in mathematics Approximation theory sug: subj: Euler theorem Error analysis in mathematics Approximation theory ab: This paper is concerned with asymptotic properties on the accuracy of numerical solutions. It is shown that the approximation error of the policy function is of the order of magnitude as the size of the Euler equation residuals. Moreover, for bounding this approximation error the most relevant parameters are the discount factor and the curvature of the return function. These findings provide theoretical foundations for the construction of tests to assess the performance of alternative computational methods. Reprinted by permission of the Econometric Society. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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