ramsey

Ramsey - 1.15 3.16 53 1.15 3.16 54 1.15 3.16 55 1.15 3.16 56 1.15 3.16 57 1.15 3.16 58 1.15 3.16 59 1.15 3.16 60 1.15 3.16 61 1.15 3.16 62 1.15

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Numerical Solution to the Discrete Time Ramsey Model alpha 0.33 Capital's share in production beta 0.95 Discount factor delta 0.1 Depreciation rate steady state k 3.16 Steady state capital steady state c 1.15 Steady state consumption k(0) 1 Initial capital stock guess for c(0) 0.63 Guess for the initial value of c(0) k(100)-kss 0 If positive, increase c(0); if negative or undefined, decr t c(t) k(t) 0 0.63 1 1 0.71 1.27 2 0.77 1.51 3 0.83 1.73 4 0.88 1.93 5 0.92 2.1 6 0.95 2.25 7 0.98 2.38 8 1.01 2.49 9 1.03 2.59 10 1.04 2.67 11 1.06 2.74 12 1.07 2.8 13 1.08 2.86 14 1.09 2.9 15 1.1 2.94 16 1.11 2.97 17 1.11 3 18 1.12 3.02 19 1.12 3.04 20 1.13 3.06 21 1.13 3.08 22 1.13 3.09 23 1.13 3.1 24 1.14 3.11 25 1.14 3.12 26 1.14 3.12 27 1.14 3.13
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28 1.14 3.13 29 1.14 3.14 30 1.14 3.14 31 1.14 3.14 32 1.14 3.15 33 1.14 3.15 34 1.14 3.15 35 1.14 3.15 36 1.14 3.15 37 1.14 3.15 38 1.14 3.16 39 1.14 3.16 40 1.15 3.16 41 1.15 3.16 42 1.15 3.16 43 1.15 3.16 44 1.15 3.16 45 1.15 3.16 46 1.15 3.16 47 1.15 3.16 48 1.15 3.16 49 1.15 3.16 50 1.15 3.16 51 1.15 3.16 52
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Unformatted text preview: 1.15 3.16 53 1.15 3.16 54 1.15 3.16 55 1.15 3.16 56 1.15 3.16 57 1.15 3.16 58 1.15 3.16 59 1.15 3.16 60 1.15 3.16 61 1.15 3.16 62 1.15 3.16 63 1.15 3.16 64 1.15 3.16 65 1.15 3.16 66 1.15 3.16 67 1.15 3.16 68 1.15 3.16 69 1.15 3.16 70 1.15 3.16 71 1.15 3.16 72 1.15 3.16 73 1.15 3.16 74 1.15 3.16 75 1.15 3.16 76 1.15 3.16 77 1.15 3.16 78 1.15 3.16 79 1.15 3.16 80 1.15 3.16 81 1.15 3.16 82 1.15 3.16 83 1.15 3.16 84 1.15 3.16 85 1.15 3.16 86 1.15 3.16 87 1.15 3.16 88 1.15 3.16 89 1.15 3.16 90 1.15 3.16 91 1.15 3.16 92 1.15 3.16 93 1.15 3.16 94 1.15 3.16 95 1.15 3.16 96 1.15 3.16 97 1.15 3.16 98 1.15 3.16 99 1.15 3.16 100 1.15 3.16 rease c(0); if close to zero, then an approximate solution has been found....
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This note was uploaded on 02/19/2010 for the course ECON 720 taught by Professor Ireland during the Fall '09 term at BC.

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Ramsey - 1.15 3.16 53 1.15 3.16 54 1.15 3.16 55 1.15 3.16 56 1.15 3.16 57 1.15 3.16 58 1.15 3.16 59 1.15 3.16 60 1.15 3.16 61 1.15 3.16 62 1.15

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