Lilia Maliar

JEDC COMPUTATIONAL TESTSUITE:

I participate in the project launched by the Journal of Economic Dynamics and Control (JEDC) in 2003 and directed by Wouter den Haan, Michael Juillard and Kenneth Judd where individual research teams are invited to compute numerical solutions to dynamic models with large state spaces. We contribute with two articles:

1. Comparing numerical solutions of models with heterogeneous agents", invited for a special issue of the JEDC, (joint with Kenneth Judd and Serguei Maliar, work in progress).

2. Solving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithm“, forthcoming in a special issue of the JEDC, (joint with Serguei Maliar and Fernando Valli).

- description of the problem;

- article with our solution method;

- comparison of solutions obtained by different methods by Den Haan (2008);

- our code.