3. Compute the steady state values, k* and Ji*, for capital per effective worker and income per...
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3. Compute the steady state values, k* and Ji*, for capital per effective worker and income per effective worker. Compare to the parallel expressions found in this chapter for the model in discrete time. Also compute the steady state value and path {respectively), r* and w*, for the real rental rates and compare again to the discrete time model.
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Related Book For
Introducing Advanced Macroeconomics: Growth And Business Cycles
ISBN: 9783031200922
1st Edition
Authors: Peter Birch Sørensen, Hans Jørgen Whitta-Jacobsen
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