FiPIt: A simple, fast global method for solving models with two endogenous states & occasionally binding constraints
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DOI: 10.1016/j.red.2020.01.001
Abstract: We propose a simple and fast fixed-point iteration algorithm (FiPIt) to obtain the global, non-linear solution of macro models with two endogenous state variables and occasionally binding constraints. This method uses fixed-point iteration on Euler… read more here.
Keywords: binding constraints; two endogenous; simple fast; models two ... See more keywords