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Solving the Stochastic Growth Model by Backsolving With an Expanded Shock Space
Journal article   Peer reviewed

Solving the Stochastic Growth Model by Backsolving With an Expanded Shock Space

Beth Fisher Ingram
Journal of business & economic statistics, Vol.8(1), pp.37-38
01/01/1990
DOI: 10.1080/07350015.1990.10509772

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Abstract

I explain how a technique called backsolving is used to find simulated solution paths for a simple economic-growth model. Backsolving can also be applied to generate simulated solution paths for general nonlinear stochastic models.
Simulation Stochastic nonlinear model

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