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Computation of Equilibria in Heterogeneous Agent Models

Staff Report 231 | Published May 1, 1997

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Computation of Equilibria in Heterogeneous Agent Models

Abstract

This paper essentially puts together procedures that are used in the computation of equilibria in models with a very large number of heterogeneous agents. It is not a complete description of all procedures used in the literature. It describes procedures that deal with infinitely lived agent versions of the growth model with and without aggregate uncertainty, overlapping generations models, and dynamic political economy models.


Published In: Computational methods for the study of dynamic economies (1999, pp. 238-264)

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