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Here the question , I need all dtails for my understanding. Tkx Consider Ramsey- Cass - Koopmans model t(R(t) ) = kit)3 Given P= 0.2

Here the question , I need all dtails for my understanding. Tkx

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Consider Ramsey- Cass - Koopmans model t(R(t) ) = kit)3 Given P= 0.2 0= 0.5 9= 0.1 1= 0.05 Adding Government spending ( G ) into the Model Before to: God = 0.4 and Economy was on Balanced Growth path with Cold and RX At to a increased unexpectedly and permanently: aNew = 0.6 After to: Economy will keep moving until it arrives at New Balanced Growth path with CNew and RX Question: Calculate Cold - CNow Requirement: Keep 1 Deemmal

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