Malin, Benjamin A.; Krueger, Dirk; Kubler, Felix - In: Journal of Economic Dynamics and Control 35 (2011) 2, pp. 229-239
We describe a sparse-grid collocation method to compute recursive solutions of dynamic economies with a sizable number of state variables. We show how powerful this method can be in applications by computing the non-linear recursive solution of an international real business cycle model with a...