ConSav - Consumption-Saving Models

A code library for solving and simulating consumption-saving models in Python using Numba JIT compiled functions. The consav package provides:

• A Model class with predefined methods for e.g. saving and loading derived from the EconModel package

• A multi-linear interpolation module

• Optimizers such as golden section search and newton-raphson

• An upper envelope function for using the endogenous grid point method in non-convex models

All of the above is written to be Numba compatible.

The repository ConsumptionSavingNotebooks contains a number of examples on using the various tools and two models:

• The canonical buffer-stock consumption model

• A durable consumption models with non-convex adjustment costs

The library builds on the model class in EconModel. The repository EconModelNotebooks contains a number of examples on using this underlying model class.