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Assume that: s = 0.2 = 0.05 y = k1/2 Use the equation of motion (k = s f(k) k) to solve for the steady-state
Assume that:
- s = 0.2
- = 0.05
- y = k1/2
Use the equation of motion (k = s f(k) k) to solve for the steady-state values of k, y, and i.
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Macroeconomics
Authors: Charles I. Jones
4th Edition
393603767, 393603768, 9780393616125 , 978-0393603767
