Solving the Discrete-Time Stochastic Ramsey Model

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:	[2009]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Optimales Wachstum \| Optimal growth \| Stochastischer Prozess \| Stochastic process

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Extent:	1 Online-Ressource (15 p)
Series:	Tinbergen Institute Discussion Paper ; No. 09-018/2
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 26, 2009 erstellt
Other identifiers:	10.2139/ssrn.1349849 [DOI]
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/10012718935