Lecture 4. Ramsey Model

Lecture 4. Ramsey Model PowerPoint PPT Presentation


  • 664 Views
  • Uploaded on
  • Presentation posted in: General

10/6/04. Macro; Chyi. 2. Ramsey (1928) growth model. Relax the assumptions that the saving rate is exogenous and constant.Empirical observation: saving rates increase with economic developmentRicher dynamics of savings imply changes in transitional dynamics and speed of convergence. 10/6/04. M

Download Presentation

Lecture 4. Ramsey Model

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


1. Lecture 4. Ramsey Model 4.2 The Optimal Growth Problem

2. 10/6/04 Macro; Chyi 2

  • Login