This article studies the accuracy of two versions of Kydland and Prescott's (1980, 1982) procedure for approximating optimal decision rules in problems in which the objective fails to be quadratic and ...

This article describes three approximation methods I used to solve the growth model (Model 1) studied by the National Bureau of Economic Research's nonlinear rational-expectations-modeling group ...

The ongoing revolution in artificial intelligence, especially deep learning, is transforming research across many fields, including economics. Its impact is particularly strong in solving equilibrium ...