FEDS Paper: Sequence-Space Jacobians of Life-Cycle Models
Bence Bardóczy, Akshay Shanker, andMateo Velásquez-GiraldoThe sequence-space Jacobian (SSJ) method of Auclert et al. (2021a) has made heterogeneous-agent models far easier to solve, fueling an explosion of applications. But even SSJ strains against capacity constraints when state spaces grow very la