A NOTE ON AN EXTENSION OF A CLASS OF SOLUTIONS TO DYNAMIC PROGRAMMING PROBLEMS ARISING IN ECONOMIC GROWTH

被引：2

作者：

Antony, Jurgen ^{[1
]}

Maussner, Alfred ^{[2
]}

机构：

[1] CPB Netherlands Bur Econ Policy Anal, NL-2585 JR The Hague, Netherlands

[2] Univ Augsburg, Augsburg, Germany

来源：

MACROECONOMIC DYNAMICS | 2012年 / 16卷 / 03期

关键词：

Capital and Labor Substitution; Dynamic Programming; Growth; Numerical Solutions of DSGE Models;

D O I：

10.1017/S136510051000057X

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：472 / 476

页数：5