Complete closed-form solution to a stochastic growth model and corresponding speed of economic recovery
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More about this item
Keywords
stochastic Ramsey-type growth; utility maximization; stochastic differential equations; explicit closed-form sample path dynamics; economic recovery; Monte Carlo simulations; steady-state;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2010-11-13 (Dynamic General Equilibrium)
- NEP-FDG-2010-11-13 (Financial Development and Growth)
- NEP-ORE-2010-11-13 (Operations Research)
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