Coding

Fixed Point Convergence Solver

• This script numerically solves a recursive functional equation by applying the contraction reiteratively until a fixed point is achieved. You must specify the functional form and the number of steps in order to proceed.

Optimal Path of Capital

• The script draws capital paths generated in three economies with different starting capital levels, holding everything else constant. To use the script, you must provide a policy function, as well as the values of other exogenous variables.

Guess and Verify Solver

• The solver provides an analytic solution to a class of functional equations. You must specify the value function and take the appropriate guess.