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The Stochastic Growth Model

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Ventus Publishing ApS. — 2011. — 32 p.
This book presents the stochastic growth model. The stochastic growth model is a stochastic version of the neoclassical growth model with microfoundations, and provides the backbone of a lot of macroeconomic models that are used in modern macroeconomic research. The most popular way to solve the stochastic growth model, is to linearize the model around a steady state, and to solve the linearized model with the method of undetermined coefficients.

Author(s): Vermeylen Koen.

Language: English
Commentary: 699522
Tags: Математика;Высшая математика (основы);Математика для экономических специальностей