• significant extensions by David Cass and Tjalling Koopmans. The RamseyCassKoopmans model differs from the Solow–Swan model in that the choice of consumption...
    27 KB (3,802 words) - 21:39, 6 May 2024
  • create what is now known as the RamseyCassKoopmans model. The Solow–Swan model was an extension to the 1946 Harrod–Domar model that dropped the restrictive...
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  • goods x ( t ) {\displaystyle \mathbf {x} (t)} . In economics, the RamseyCassKoopmans model is used to determine an optimal savings behavior for an economy...
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  • technical progress again at a steady rate, giving birth to a model named the RamseyCassKoopmans model where the objective now is to maximise household's utility...
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    generator, however, may be non-deterministic. In economics, the RamseyCassKoopmans model is deterministic. The stochastic equivalent is known as real business-cycle...
    3 KB (397 words) - 18:51, 13 June 2022
  • elasticity of substitution. If derived from a basic RamseyCassKoopmans model, the Keynes–Ramsey rule may look like c ˙ ( t ) = σ ⋅ ( r − ρ ) ⋅ c ( t...
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  • equilibrium theory. His most famous work was on the RamseyCassKoopmans model of economic growth. David Cass was born in 1937 in Honolulu, Hawaii. He earned...
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    Feldman–Mahalanobis model Solow–Swan model, "the" exogenous growth model RamseyCassKoopmans model, a microfounded growth model with infinite horizon...
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    between interest rates and assets markets RamseyCassKoopmans model of economic growth Gordon–Loeb model for cyber security investments Economic methodology...
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  • theory of economic growth by developing a modified version of the RamseyCassKoopmans model to describe the effects of money on long-run growth. He also published...
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  • economy could be better off today and tomorrow by saving less. The Ramsey-Cass-Koopmans model does not have dynamic efficiency problems because agents discount...
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    Koopmans's early works on the Hartree–Fock theory are associated with the Koopmans' theorem, which is very well known in quantum chemistry. Koopmans was...
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    growth models like the Solow–Swan model, the RamseyCassKoopmans model and Peter Diamond's overlapping generations model. Quantitative models include...
    57 KB (6,822 words) - 18:09, 10 July 2024
  • pure-exchange OLG model was augmented with the introduction of an aggregate neoclassical production by Peter Diamond.  In contrast, to RamseyCassKoopmans neoclassical...
    16 KB (2,043 words) - 02:12, 28 November 2023
  • growth Solow–Swan model k ′ ( t ) = s [ k ( t ) ] α − δ k ( t ) {\textstyle k'(t)=s[k(t)]^{\alpha }-\delta k(t)} RamseyCassKoopmans model Dynamic stochastic...
    13 KB (1,086 words) - 18:07, 27 June 2024
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    George Dantzig Leonid Kantorovich Linear programming Market price RamseyCassKoopmans model Reduced cost "Shadow Pricing". Corporate Finance Institute. Retrieved...
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  • RamseyCassKoopmans model with stochastic technology progress. As business cycle fluctuations arise naturally in this setup, the Brock–Mirman model became...
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    social insurance.[citation needed] Diamond (1965) extended the RamseyCassKoopmans model, from a representative infinitely-lived agent to a setup where...
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  • Shepherd, J. (July 1975). "On the Asymptotic Solution of the Lagerstrom Model Equation". SIAM Journal on Applied Mathematics. 29 (1): 110–120. doi:10...
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  • fairness Ragnar Nurkse's balanced growth theory Rahn curve Ramsey problem RamseyCassKoopmans model rate of profit rate of return pricing rational choice...
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  • Thumbnail for Griffith C. Evans
    rekindled with the rise the neoclassical growth literature (e.g. RamseyCassKoopmans model) that ostensibly employed optimal control and Hamiltonians. Standard...
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  • The AK model of economic growth is an endogenous growth model used in the theory of economic growth, a subfield of modern macroeconomics. In the 1980s...
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  • The Mundell–Fleming model, also known as the IS-LM-BoP model (or IS-LM-BP model), is an economic model first set forth (independently) by Robert Mundell...
    25 KB (3,793 words) - 18:32, 2 October 2023
  • Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary...
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  • and the other present descriptions of market failures in New Keynesian models, imply that the economy may fail to attain full employment. Therefore, New...
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  • Thumbnail for IS–LM model
    model, or Hicks–Hansen model, is a two-dimensional macroeconomic model which is used as a pedagogical tool in macroeconomic teaching. The IS–LM model...
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  • The Polak model is a monetary approach to the balance of payment published by J. J. Polak in 1957. It seeks to model a small, open economy operating under...
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  • Thumbnail for AD–AS model
    demand–aggregate supply model (also known as the aggregate supply–aggregate demand or AS–AD model) is a widely used macroeconomic model that explains short-run...
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  • model may depend on the independence of the economic factors from noneconomic ones. General equilibrium theory both studies economies using the model...
    49 KB (6,061 words) - 04:22, 25 May 2024
  • (2): 155–157. doi:10.1023/B:ECOT.0000023251.14849.4f. S2CID 154689887. Koopmans, Tjalling C. (1947). "Measurement Without Theory". Review of Economics...
    20 KB (2,305 words) - 18:07, 1 April 2024