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Numerical Analysis of a Monetary Overlapping Generation Model

  • Jenni X. Li
Part of the Advances in Computational Economics book series (AICE, volume 6)

Abstract

In this paper, mathematical and numerical analysis are applied to a nonlinear operator equation arising from monetary economic modeling. For the nonlinear operator equation the contraction property is established, and fixed point iterations are employed to numerically solve the equation based on finite element discretization. Convergence rate and error estimates are given for the numerical schemes. In this investigation, several numerical algorithms are proposed and analyzed. These algorithms have been realized as computer programs which make extensive use of several modern computer software packages such as Matlab (for numerical computations and graphics) and Mathematica (for symbolic computations).

Keywords

Equilibrium Price Money Supply Piecewise Linear Function Price Function Contraction Property 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1997

Authors and Affiliations

  • Jenni X. Li

There are no affiliations available

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