Solving the Stochastic Growth Model by Backsolving With an Expanded Shock Space
解释了一种名为回溯求解的技术,用于为简单的经济增长模型找到模拟解路径,该方法也可推广到一般的非线性随机模型。
I explain how a technique called backsolving is used to find simulated solution paths for a simple economic-growth model. Backsolving can also be applied to generate simulated solution paths for general nonlinear stochastic models.