Maliar, Lilia; Maliar, Serguei; Villemot, Sébastien - Centre pour la Recherche Économique et ses … - 2011
Local (perturbation) methods compute solutions in one point and tend to deliver far lower accuracy levels than global solution methods. We develop a hybrid method that solves for some policy functions locally (using a perturbation method) and that solves for the other policy functions globally...
