A Closed Form Solution to the Ramsey Model
作者： William T Smith
关键词: Elasticity of substitution 、 Reciprocal 、 Expression (computer science) 、 Closed-form expression 、 Convergence (routing) 、 Ramsey model 、 Mathematical economics 、 Economics 、 Capital (economics)
摘要: This paper derives a closed form solution for the Ramsey model with CRRA utility and Cobb-Douglas technology, case where capital's share is equal to reciprocal of intertemporal elasticity substitution. The sheds light on dynamics provides an exact expression speed convergence.
sci-hub.se 参考文章(1)
Olaf Posch, Structural estimation of jump-diffusion processes in macroeconomics Journal of Econometrics. ,vol. 153, pp. 196- 210 ,(2009) , 10.1016/J.JECONOM.2009.06.003