|
gptkbp:instanceOf
|
gptkb:economic_policy
|
|
gptkbp:alsoKnownAs
|
gptkb:Ramsey–Cass–Koopmans_model
|
|
gptkbp:assumes
|
no government
no uncertainty
infinite time horizon
representative agent
perfect foresight
|
|
gptkbp:basisFor
|
modern dynamic macroeconomics
|
|
gptkbp:describes
|
economic growth
optimal savings
|
|
gptkbp:extendsTo
|
gptkb:David_Cass
gptkb:Tjalling_Koopmans
|
|
gptkbp:field
|
macroeconomics
|
|
gptkbp:focusesOn
|
capital accumulation
intertemporal consumption
|
|
gptkbp:form
|
gptkb:optimal_control_theory
calculus of variations
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Ramsey Model
|
|
gptkbp:influenced
|
gptkb:neoclassical_growth_theory
|
|
gptkbp:introduced
|
gptkb:Frank_P._Ramsey
|
|
gptkbp:introducedIn
|
1928
|
|
gptkbp:objective
|
utility maximization
|
|
gptkbp:prohibits
|
capital accumulation equation
resource constraint
|
|
gptkbp:relatedTo
|
gptkb:Solow–Swan_model
gptkb:Overlapping_generations_model
|
|
gptkbp:solvedBy
|
gptkb:Euler_equation
|
|
gptkbp:usedIn
|
policy analysis
macroeconomic forecasting
growth accounting
|
|
gptkbp:bfsParent
|
gptkb:Exogenous_Growth_Theory
|
|
gptkbp:bfsLayer
|
7
|