Stochastic Ramsey Model

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:analyzes optimal savings
consumption decisions
gptkbp:appliesTo infinite horizon economies
gptkbp:assumes rational expectations
representative agent
gptkbp:basedOn gptkb:Ramsey_Model
gptkbp:field macroeconomics
economic growth theory
gptkbp:focusesOn capital accumulation under uncertainty
https://www.w3.org/2000/01/rdf-schema#label Stochastic Ramsey Model
gptkbp:includes stochastic shocks
gptkbp:originatedIn Frank P. Ramsey's work
gptkbp:relatedTo gptkb:Ramsey–Cass–Koopmans_model
real business cycle theory
gptkbp:solvedBy gptkb:stochastic_process
dynamic programming
gptkbp:studies effects of random productivity shocks
intertemporal choice under uncertainty
gptkbp:usedFor policy analysis in uncertain environments
gptkbp:usedIn dynamic stochastic general equilibrium models
gptkbp:bfsParent gptkb:Stochastic_Growth_Models
gptkbp:bfsLayer 7