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...

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Bibliographic Details

Published in:	Econometrica Vol. 68; no. 6; pp. 1377 - 1403
Main Author:	Santos, Manuel S.
Format:	Article
Published:	Wiley-Blackwell November 2000
Subjects:	Euler theorem Error analysis in mathematics Approximation theory
Online Access:	View this record in EBSCOhost