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| Humberto Moreira and Wilfredo Maldonado |
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| ''A contractive method for computing the stationary solution of the Euler equation'' |
| ( 2003, Vol. 3 No.1 ) |
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| 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. |
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| Keywords: contractive method stationary solutions Euler equation |
JEL: C6 - Mathematical Methods and Programming: General
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| Manuscript Received : Dec 26 2002 | | Manuscript Accepted : Feb 05 2003 |
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