parameter,value,description alpha,0.36,capital elasticity in y_{t+1} = k_{t+1}^alpha beta,0.95,discount factor y_min,0.05,lower bound of the output grid y_max,5.0,upper bound of the output grid grid_points,400,number of grid points for y (log-spaced between y_min and y_max) grid_spacing,log,grid points equally spaced in ln(y) vfi_tolerance,1e-08,stop value-function iteration when the sup-norm change is below this eval_y_1,0.5,evaluation point for the policy (output level) eval_y_2,1.0,evaluation point for the policy (output level) eval_y_3,2.0,evaluation point for the policy (output level)