In these notebooks, I will deal with a fundamental tool of dynamic macroeconomics: dynamic programming. Dynamic programming is a very convenient way of writing a large set of dynamic problems in economic analysis as most of the properties of this tool are now well established and understood. In order to understand the problem, I will first solve deterministic infinite-horizon Ramsey Model.
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Heer Burkhard & Maußner Alfred, 2011. Value Function Iteration as a Solution Method for the Ramsey Model. Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 231(4), pages 494-515, August.
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Moritz Kuhn (2006). Notes on Numerical Dynamic Programming in Economic Applications.
- Chris Edmond (2019) Macroeconomics (PhD core), 2019
- Thomas Hintermaier [Lecture in Macroeconomics (Master), 2019]