2 edition of Stochastic growth model with endogenous population growth rate found in the catalog.
Revised July, 1985.Bibliography: p. 15-17.
|The Physical Object|
|Pagination||xvi, 62 p. :|
|Number of Pages||66|
|2||Working paper series (York University (Toronto, Ont.). Dept. of Economics) -- 85-07|
|3||Working paper series -- 85-07|
nodata File Size: 9MB.
Sannikov, in2016 1. This is a central and important problem in this sort of model. In which case, the government optimally chooses to default. This past information, however, will typically not reveal perfectly the permanent and transitory pieces. 54 Cpages 439-449. One issue is the estimability of equilibrium models, raised above. These data are measured relative to trend, which is the average growth rate of productivity in these sectors see Cole and Ohanian, 1999.
Starr Center for Applied Economics, New York University. This limits the empirical scope of self-fulfilling rollover crises, but does allow us to partially gauge their potential impact. Generally speaking, to avoid burdening the reasoning with the usual baggage of assumptions, the Exponentialist approach is not to focus primarily on why populations grow and shrink.
This paper starts with a standard real business cycle one sector stochastic growth model and verifies that its asset pricing implications are a disaster. Hence, although the growth over the doubling period somewhere between 35 and 70 years, depending upon the rates you chose cannot be said to be growing at a constant rate, it is always somewhat counter intuitively growing exponentially.
This article considers the consequences of explicitly allowing for stochastic technological progress and stochastic labor input in the discrete-time Solow-Swan and AK growth models. Instead, the Exponentialist focus is on how populations grow and shrink. Their idea is that both the successes and the deviations between model and data are informative for developing theories of specific episodes.
In the scheme of things, as an aid to our understanding of population growth, it is plain silly to insist that the dictionary is right and that we must have a constant rate of growth to produce exponential growth. Our method combines the Euler equations for the consumer and the firm and therefore identifies only the overall wedge in the combined Euler equation given by 5.
Wiley is a global provider of content and content-enabled workflow solutions in areas of scientific, technical, medical, and scholarly research; professional development; and education. Boldrin, Christiano, and Fisher 2001 is a good example of more recent work in this area. " ," 201303080800001042, Iowa State University, Department of Economics. 71 Cpages 160-179. This sort of transition might be a way to generate more volatility in the spread, especially if the government could be induced to slow down the rate at which it delevered.
Brock and Mirman 1972 studied the efficient evolution of capital in an environment in which there is a stochastic evolution for the technology shock.
The American Economic Review is a general-interest economics journal.
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