Exercise 22.11. (1) Prove Proposition 22.9. (2) Explain how Proposition 22.9 needs to be modified if

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Exercise 22.11. (1) Prove Proposition 22.9.

(2) Explain how Proposition 22.9 needs to be modified if τ <¯ 1 and provide an analysis of the best stationary SPE in this case.

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Introduction To Modern Economic Growth

ISBN: 9780691132921

1st Edition

Authors: Daron Acemoglu

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Question Posted: Nov 16, 2024 08:01 AM

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Exercise 22.11. (1) Prove Proposition 22.9. (2) Explain how Proposition 22.9 needs to be modified if

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Introduction To Modern Economic Growth

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