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).

MoreLess

Year of publication:	2009-02-20
Authors:	Elbers, Chris
Institutions:	Tinbergen Institute
Subject:	Ramsey model \| Stochastic Ramsey model \| Solution methods

More details

Extent:	application/pdf
Series:	Tinbergen Institute Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Tinbergen Institute Discussion Papers Number 09-018/2
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; E22 - Capital; Investment (including Inventories); Capacity ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005504904