Questions tagged [ramsey]
The ramsey tag has no usage guidance.
8
questions
0
votes
0answers
24 views
Solow Model vs. Ramsey Model [closed]
I am a little confused. Our professor gave us the task of working out the similarities and differences between the Solow Model and Ramsey Model (both without technological progress) and which model ...
4
votes
1answer
38 views
Proof of Saddle-Path Stablility in Ramsey-Cass-Koopmans model
I'm currently struggling to proof the saddle-path stability in the Ramsey-Cass-Koopmans model. Based on the books Introduction to Modern Economic Growth by D. Acemoglu (chapter 7 and 8) and ...
2
votes
1answer
81 views
How to derive a general relationship between the Ramsey-Keynes rule and the law of motion for capital?
Consider a representative agent model where the representative agent has standard preferences
$\int^{\infty}_te^{-\rho t}ln(c(t))dt$
where $\rho>0$ and $c(t)$ is consumption in period t as usual. ...
0
votes
0answers
59 views
Stochastic Optimization
I am working on a Data Panel project that is about macro volatility, taking into consideration some quality indicators. According to my model, indicators definitely determine macro variables. Data are ...
2
votes
1answer
75 views
Modern descendants of Frank Ramsey's paper "A Mathematical Theory of Saving"?
I haven't studied economics, but I'm interested in applied ethics, and I came across Frank Ramsey's paper "A Mathematical Theory of Saving". I thought his application of calculus to a ...
1
vote
1answer
163 views
Utility function in Ramsey-Cass-Koopmans model
We are studying Ramsey-Cass-Koopmans model (RCK) in my macro course, I am already stuck in the starting section on assumptions of the model. In particular, I do not quite understand why the ulitity ...
0
votes
2answers
79 views
Is the Ramsey model one with non negative investment?
I have a very fundamental question. I am currently searching for an economic growth model with non negative investment. Can someone tell me if the Ramsey model is one with non negative investment and ...
2
votes
1answer
28 views
Are business cycle fluctuations usually studied in a (New Keynesian) DSGE model, or can they also be studied in a growth model?
I wonder if business cycle fluctuations are usually studied in a (New Keynesian) DSGE model, or can they also be studied in a growth model?
