Solving the discrete-time stochastic Ramsey model

Chris Elbers

This note describes methods for solving deterministic and stochastic versions of the discrete-time Ramsey model of economic growth. We derive an iterative procedure for solving the Euler equation and apply it to an example adapted from Pan (2007).

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Year of publication:	2009
Authors:	Elbers, Chris
Publisher:	Rotterdam [u.a.] : Tinbergen Inst.
Subject:	Ramsey model \| Stochastic Ramsey model \| Solution methods \| Theorie \| Theory \| Optimales Wachstum \| Optimal growth \| Stochastischer Prozess \| Stochastic process \| Mathematische Optimierung \| Mathematical programming

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Extent:	Online-Ressource (12 S.) graph. Darst.
Series:	Discussion paper / Tinbergen Institute. - Rotterdam [u.a.] : [Verlag nicht ermittelbar], ISSN 0929-0834, ZDB-ID 2435783-2. - Vol. 2009,018
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/86983 [Handle]
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; E22 - Capital; Investment (including Inventories); Capacity ; O41 - One, Two, and Multisector Growth Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011377604