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person:"Stachurski, John"
~isPartOf:"Tinbergen Institute Discussion Paper"
~person:"Elbers, Chris"
~person:"Sorger, Gerhard"
~subject:"Optimal growth"
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Solving the Discrete-Time Stochastic Ramsey Model
Elbers, Chris
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2009
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)
Persistent link: https://www.econbiz.de/10012718935
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