Dear all
I have a model in which my shock takes place in the old population in a OLG model. This shock has probability .1 and can take values in a grid with 300 values. when the shock realizes, there is insurance that fully covers the loss caused by it.
How can I model this shock and insurance with Dynare?
Thank you
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medical shock in OLG model
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medical shock in OLG model
by rks45108 » Mon Nov 14, 2016 12:57 pm
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Re: medical shock in OLG model
by jpfeifer » Mon Nov 14, 2016 5:02 pm
Dynare does not work with discretized state spaces. This is not the class of models the program can solve. Stochastic models are solved with perturbation techniques.
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