Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Add more general methods for finding stable points #925

Open
Mv77 opened this issue Jan 19, 2021 · 1 comment
Open

Add more general methods for finding stable points #925

Mv77 opened this issue Jan 19, 2021 · 1 comment
Labels
Priority: Medium Tag: 1.0 About the v1 release of HARK.

Comments

@Mv77
Copy link
Contributor

Mv77 commented Jan 19, 2021

Computing stable points in the ConsIndShockModel.py agents relies on finding expectations of future market resources (or ratios that involve them) given today's states (and optimal behavior). This operation is model-specific to the extent that each model has its own rules for how resources evolve (e.g., constant Rfree in IndShockConsumer and variable Rfrees in KinkedRconsumer).

Once HARK makes the move towards having explicit representations of transition equations, these model-specific methods should be susceptible of being abstracted. There could be a unified method that searches over states applying the transition equation --whatever it is-- to find next period's states until they satisfy the conditions required by each stable point.

Such method should be able to find stable points for the Kinked R model. See the discussion in ConsIndShockModel.py/ConsKinkedRSolver.addStablePoints() at #899

@mnwhite mnwhite added Tag: 1.0 About the v1 release of HARK. Priority: Medium labels Jul 3, 2024
@mnwhite
Copy link
Contributor

mnwhite commented Jul 3, 2024

Keeping this issue active because it's not a major part of the HARK 1 roadmap, but it's definitely something we want to achieve as part of that.

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
Priority: Medium Tag: 1.0 About the v1 release of HARK.
Projects
None yet
Development

No branches or pull requests

2 participants