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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