Judd, Kenneth L.; Maliar, Lilia; Maliar, Serguei; … - In: Journal of Economic Dynamics and Control 44 (2014) C, pp. 92-123
We show how to enhance the performance of a Smolyak method for solving dynamic economic models. First, we propose a more efficient implementation of the Smolyak method for interpolation, namely, we show how to avoid costly evaluations of repeated basis functions in the conventional Smolyak...