Question
Ramsey Cass Koopmans model. ( a ) Consider the Ramsey Cass Koopmans model where ???? at time 0 ( which as always the model
Ramsey Cass Koopmans model.
a Consider the Ramsey Cass Koopmans model where at time which as always
the model takes as given is at the goldenrule level:
Sketch the paths of and
b Consider the same initial situation as in part a but in the version of the model
that includes government purchases. Assume that is constant and equal
Crucially, is strictly less than and strictly greater than
where is the level of on the balanced growth path the economy
would have if G were constant and equal to Sketch the paths of and
I have repeated khis question. The last one I sent was not attended to Again, I am particularly
interested in the sketches. Can somebody walk me through?
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