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Dynamic-Inconsistency-

This repository contains Matlab code that computes Markov perfect policies and steady states in non-recursive models (models where discounting is not geometric/exponential). Both the State Space Recursion and modified CMA-ES algorithms are fully implemented.

This repository contains as a subset the repository for the paper "Time-consistent Saving and the Distribution of Wealth" (available at https://sites.google.com/site/mkaaejensen/). Please see that paper for theoretical underpinnings.

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This repository contains Matlab code that computes Markov perfect policies (time-consistent policies) and steady states in non-recursive/dynamically inconsistent models (models where discounting is not geometric/exponential). Both the State Space Recursion and modified CMA-ES algorithms in the associated paper are fully implemented.

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