Lecture

Stochastic Endowment Consumption Model

In course

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Description

This lecture covers the stochastic endowment consumption model, log-linear transformation around the steady state, impulse response solution, and getting ready for Matlab codes. It explains the objective problem, optimality conditions, state variables, control variables, and key matrices to find. The lecture also includes details on the Matlab codes and packages used for the model, such as defining global variables, degree of approximation, and calling necessary functions.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_f8m3apl7

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