Computation

Materials for a lecture in computing recursive competitive equilibria for Prof. Gianluca Violante's Advanced Macro II PhD course in 2010 at NYU. Regularly changed and updated. The code requires Mario Miranda and Paul Fackler's Compecon Toolbox

• Lecture - Slides
• Accompanying simple firm dynamics model - Document
• Code for the solution of the simple model, some useful bash script and a pbs file for the NYU HPC - Zip
• Full details on the solution method and more interesting applications - Document
• A modification of Garcia-Zangwill's Newton algorithm with one-sided constraints to allow for (i) multiple variables, (ii) two-sided constraints, (iii) an application to cubic splines - Document, Zip

Lecture notes

• ECON20210 - (Lecture slides) - Economic Analysis III (Honors) at U Chicago - Pre-requisite courses in Calculus, Linear Algebra, Economic Analysis I and II.
  • ​1. Solow,  2. Neo-classical model (NCM), 3. Welfare in NCM and alternative decentralizations, 4. Fiscal policy in NCM, 5. Dynamic programming, 6. Labor supply, 7. Real business cycle model, 8. Asset pricing and equity premium, 9. Complete markets, representative agent economies, 7.  Incomplete markets
  • Feel free to email me for problem sets and solutions​​