This item may be available elsewhere in EconPapers: Search for items with the same title. Journal Article: MULTIDIMENSIONAL TRANSITIONAL DYNAMICS: A SIMPLE NUMERICAL PROCEDURE (2008) an exception mathematica try/catch The restart applied will be a full restart cycle. As an illustrative application, we compute the transition process of the models of Jones (1995) and Lucas (1988). How to loop the program after an exception is thrown in java. (3) The variant of the relaxation algorithm we propose exploits in a natural manner the infinite time horizon, which usually underlies optimal control problems in economics. The only input required consists of the dynamic system.
(2) The application of the procedure is fairly user-friendly. This method has a number of important advantages: (1) It can easily deal with a wide range of dynamic systems including stiff differential equations and systems giving rise to a continuum of stationary equilibria. We propose the relaxation algorithm as a simple and powerful method for determining the transition process in growth models numerically. Programs for the method proposed in the article. QM&RBC Codes from Quantitative Macroeconomics & Real Business Cycles
Multidimensional Transitional Dynamics: A Simple Numerical Procedure (Mathematica)
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