Questions tagged [ramsey]

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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 ...
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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 ...
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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. ...
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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
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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
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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 ...
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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
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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?