The Stochastic Growth Model
Publisher: Bookboon.com
Published: 2013
ISBN-13: 978-87-7681-213-8
Table of contents: title: Content; title: 1. Introduction; title: 2. The stochastic growth model; title: 3. The steady state; title: 4. Linearization around the balanced growth path; title: 5. Solution of the linearized model; title: 6. Impulse response functions; title: 7. Conclusions; title: Appendix A; title: A1. The maximization problem of the representative fi rm; title: A2. The maximization problem of the representative household; title: Appendix B; title: Appendix C; title: C1. The linearized production function; title: C2. The linearized law of motion of the capital stock; title: C3. The linearized fi rst-order condotion for the fi rm’s labor demand; title: C4. The linearized fi rst-order condotion for the fi rm’s capital demand; title: C5. The linearized Euler equation of the representative household; title: C6. The linearized equillibrium condition in the goods market; title: References