Kim, Chang-jin (contributor); Piger, Jeremy Max (contributor) - 2001 - [Elektronische Ressource]
faster growth until the capital stock is
restored to its new steady state value.
1.3 Do Both Types of Asymmetry Matter … and leisure and the
amount of consumption and investment possible for a given level of output. If a steady state
exists in …
5
A steady state under random walk productivity growth, called a stochastic steady state, will obtain under …