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Solving the Discrete-Time Stochastic Ramsey Model


Chris Elbers


VU University Amsterdam - Faculty of Economics and Business Administration; Tinbergen Institute - Tinbergen Institute Amsterdam (TIA)
February 26, 2009

Tinbergen Institute Discussion Paper No. 09-018/2

Abstract:     
This note describes methods for solving deterministic and stochastic versions of the discrete-time Ramsey model of economic growth. We derive an iterative procedure for solving the Euler equation and apply it to an example adapted from Pan (2007).

Number of Pages in PDF File: 15

Keywords: Ramsey model, Stochastic Ramsey model, Solution methods

JEL Classification: C61, E22, O41

working papers series


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Date posted: February 26, 2009  

Suggested Citation

Elbers, Chris, Solving the Discrete-Time Stochastic Ramsey Model (February 26, 2009). Tinbergen Institute Discussion Paper No. 09-018/2. Available at SSRN: http://ssrn.com/abstract=1349849 or http://dx.doi.org/10.2139/ssrn.1349849

Contact Information

Chris Elbers (Contact Author)
VU University Amsterdam - Faculty of Economics and Business Administration ( email )
De Boelelaan 1105
Amsterdam, 1081HV
Netherlands
Tinbergen Institute - Tinbergen Institute Amsterdam (TIA) ( email )
Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands
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