significant extensions by David Cass and Tjalling Koopmans. The Ramsey–Cass–Koopmans 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 Ramsey–Cass–Koopmans model. The Solow–Swan model was an extension to the 1946 Harrod–Domar model that dropped the restrictive...
35 KB (4,941 words) - 22:19, 14 April 2024
goods x ( t ) {\displaystyle \mathbf {x} (t)} . In economics, the Ramsey–Cass–Koopmans model is used to determine an optimal savings behavior for an economy...
22 KB (3,972 words) - 10:18, 15 May 2024
technical progress again at a steady rate, giving birth to a model named the Ramsey–Cass–Koopmans model where the objective now is to maximise household's utility...
38 KB (4,252 words) - 05:02, 4 June 2024
Deterministic system (redirect from Deterministic model)
generator, however, may be non-deterministic. In economics, the Ramsey–Cass–Koopmans 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 Ramsey–Cass–Koopmans model, the Keynes–Ramsey rule may look like c ˙ ( t ) = σ ⋅ ( r − ρ ) ⋅ c ( t...
4 KB (390 words) - 06:23, 3 June 2023
equilibrium theory. His most famous work was on the Ramsey–Cass–Koopmans model of economic growth. David Cass was born in 1937 in Honolulu, Hawaii. He earned...
33 KB (4,256 words) - 03:16, 18 June 2024
Endogenous growth theory (redirect from Endogenous growth model)
Feldman–Mahalanobis model Solow–Swan model, "the" exogenous growth model Ramsey–Cass–Koopmans model, a microfounded growth model with infinite horizon...
15 KB (1,757 words) - 11:42, 16 July 2024
between interest rates and assets markets Ramsey–Cass–Koopmans model of economic growth Gordon–Loeb model for cyber security investments Economic methodology...
30 KB (3,856 words) - 17:00, 24 March 2024
Miguel Sidrauski (redirect from Sidrauski model)
theory of economic growth by developing a modified version of the Ramsey–Cass–Koopmans model to describe the effects of money on long-run growth. He also published...
6 KB (477 words) - 06:06, 6 June 2024
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...
13 KB (1,119 words) - 21:12, 23 July 2024
Dynamic efficiency (section In the Solow growth model)
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...
3 KB (380 words) - 20:23, 20 January 2024
Macroeconomics (section IS–LM model)
growth models like the Solow–Swan model, the Ramsey–Cass–Koopmans 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 Ramsey–Cass–Koopmans 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)} Ramsey–Cass–Koopmans model Dynamic stochastic...
13 KB (1,086 words) - 18:07, 27 June 2024
George Dantzig Leonid Kantorovich Linear programming Market price Ramsey–Cass–Koopmans model Reduced cost "Shadow Pricing". Corporate Finance Institute. Retrieved...
27 KB (3,684 words) - 19:48, 28 February 2024
Ramsey–Cass–Koopmans model with stochastic technology progress. As business cycle fluctuations arise naturally in this setup, the Brock–Mirman model became...
3 KB (220 words) - 23:25, 24 March 2024
social insurance.[citation needed] Diamond (1965) extended the Ramsey–Cass–Koopmans model, from a representative infinitely-lived agent to a setup where...
23 KB (2,174 words) - 04:27, 20 July 2024
Shepherd, J. (July 1975). "On the Asymptotic Solution of the Lagerstrom Model Equation". SIAM Journal on Applied Mathematics. 29 (1): 110–120. doi:10...
37 KB (2,007 words) - 14:18, 15 June 2024
fairness Ragnar Nurkse's balanced growth theory Rahn curve Ramsey problem Ramsey–Cass–Koopmans model rate of profit rate of return pricing rational choice...
228 KB (25,259 words) - 04:55, 11 July 2024
rekindled with the rise the neoclassical growth literature (e.g. Ramsey–Cass–Koopmans model) that ostensibly employed optimal control and Hamiltonians. Standard...
22 KB (2,221 words) - 10:35, 24 June 2024
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...
5 KB (776 words) - 17:21, 15 November 2023
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 (redirect from DSGE model)
Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary...
51 KB (5,996 words) - 22:56, 1 April 2024
New Keynesian economics (redirect from Clarida–Galí–Gertler model)
and the other present descriptions of market failures in New Keynesian models, imply that the economy may fail to attain full employment. Therefore, New...
49 KB (6,199 words) - 02:07, 21 February 2024
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...
3 KB (451 words) - 12:43, 12 January 2024
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...
29 KB (3,737 words) - 03:38, 3 April 2024
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...
21 KB (2,749 words) - 20:29, 22 July 2024
General equilibrium theory (redirect from General equilibrium model)
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