Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2009-02-20
Number: 09-018/2
Author-Name: Chris Elbers
Author-Workplace-Name: VU University Amsterdam
Title: Solving The Discrete-Time Stochastic Ramsey Model
Abstract: 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).
Classification-JEL: C61, E22, O41
Keywords: Ramsey model, Stochastic Ramsey model, Solution methods
File-Url: https://papers.tinbergen.nl/09018.pdf
File-Format: application/pdf
File-Size: 190017 bytes
Handle: RePEc:tin:wpaper:20090018