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Humberto Moreira and Wilfredo Maldonado
 
''A contractive method for computing the stationary solution of the Euler equation''
( 2003, Vol. 3 No.1 )
 
 
A contractive method for computing stationary solutions of intertemporal equilibrium models is provided. The method is implemented using a contraction mapping derived from the first-order conditions. The deterministic dynamic programming problem is used to illustrate the method. Some numerical examples are performed.
 
 
Keywords: contractive method stationary solutions Euler equation
JEL: C6 - Mathematical Methods and Programming: General
 
Manuscript Received : Dec 26 2002 Manuscript Accepted : Feb 05 2003

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