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Solving models with jump discontinuities in policy functions
Christoph Gortz
,
Afrasiab Mirza
Economics
Centre on Household Assets and Savings Management (CHASM)
Research output
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Contribution to journal
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Article
›
peer-review
253
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Keyphrases
Model with Jumps
100%
Policy Function
100%
Jump Discontinuity
100%
Problem-solving Model
100%
Value Iteration
75%
Finite Element Method
50%
Endogenous Grid Method
50%
Approximate Model
25%
Computational Speed
25%
Accuracy Measure
25%
Accurate Approximation
25%
Fast Method
25%
Euler Equations
25%
Global Methods
25%
Equation Error
25%
Local Interpolation
25%
Mathematics
Jump Discontinuity
100%
Function Value
75%
Iteration Function
75%
Finite Element Method
50%
Adaptability
25%
Euler Equation
25%
Equation Error
25%
Global Method
25%
Engineering
Value Function
100%
Finite Element Analysis
66%
Adaptability
33%
Euler Equation
33%
Global Method
33%