Ramsey model of saving

GPTKB entity

Statements (30)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs gptkb:Ramsey–Cass–Koopmans_model
gptkbp:assumes infinitely-lived representative agent
no government
no uncertainty
perfect competition
gptkbp:describes optimal savings in an economy
gptkbp:extendsTo gptkb:David_Cass
gptkb:Tjalling_Koopmans
gptkbp:field macroeconomics
gptkbp:focusesOn capital accumulation
intertemporal consumption
gptkbp:form dynamic optimization
gptkbp:hasEquation gptkb:Euler_equation
https://www.w3.org/2000/01/rdf-schema#label Ramsey model of saving
gptkbp:influenced modern growth theory
neoclassical economics
gptkbp:objective maximization of utility over time
gptkbp:prohibits capital accumulation equation
resource constraint
gptkbp:proposedBy gptkb:Frank_P._Ramsey
gptkbp:publishedIn 1928
gptkbp:relatedTo gptkb:Solow–Swan_model
endogenous growth theory
gptkbp:solvedBy calculus of variations
gptkbp:usedFor policy analysis
analyzing savings behavior
studying economic growth
gptkbp:bfsParent gptkb:Frank_Ramsey
gptkbp:bfsLayer 4