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state-space-recursion

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mkaaejensen / Dynamic-Inconsistency-

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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.

matlab computational-economics cma-es computational-algorithms dynamic-inconsistency time-inconsistency non-recursive-preferences state-space-recursion
  • Updated Jun 12, 2026
  • MATLAB

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