Arbeitspapier
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).
- Language
-
Englisch
- Bibliographic citation
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Series: Tinbergen Institute Discussion Paper ; No. 09-018/2
- Classification
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Wirtschaft
Optimization Techniques; Programming Models; Dynamic Analysis
Investment; Capital; Intangible Capital; Capacity
One, Two, and Multisector Growth Models
- Subject
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Ramsey model
Stochastic Ramsey model
Solution methods
Optimales Wachstum
Stochastisches Wachstumsmodell
Theorie
- Event
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Geistige Schöpfung
- (who)
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Elbers, Chris
- Event
-
Veröffentlichung
- (who)
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Tinbergen Institute
- (where)
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Amsterdam and Rotterdam
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Elbers, Chris
- Tinbergen Institute
Time of origin
- 2009
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