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A Note On An Extension Of A Class Of Solutions To Dynamic Programming Problems Arising In Economic Growth

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  • Antony, Jürgen
  • Maußner, Alfred

Abstract

This note extends the findings of Benhabib and Rusticchini [Journal of Economic Dynamics and Control 18, 807–813 (1994)], who provide a class of dynamic stochastic general equilibrium (DSGE) models whose solution is characterized by a constant savings rate. We show that this class of models may be interpreted as a standard–representative agent DSGE model with costly adjustment of capital.

Suggested Citation

  • Antony, Jürgen & Maußner, Alfred, 2012. "A Note On An Extension Of A Class Of Solutions To Dynamic Programming Problems Arising In Economic Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 16(3), pages 472-476, June.
    • Handle: RePEc:cup:macdyn:v:16:y:2012:i:03:p:472-476_00
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