Stochastic growth with correlated production shocks
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Publication:1050248
DOI10.1016/0022-0531(83)90049-2zbMath0512.90029OpenAlexW2127016033MaRDI QIDQ1050248
Rajnish Mehra, John B. Donaldson
Publication date: 1983
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(83)90049-2
stationary distributionstochastic growth modelcorrelated production shocksoptimal savings and consumption policies
Related Items (11)
Simulation-based estimation of dynamic models with continuous equilibrium solutions ⋮ Note on positive lower bound of capital in the stochastic growth model ⋮ A qualitative approach to Markovian equilibrium on optimal growth under uncertainty ⋮ Recursive competitive equilibrium: a parametric example ⋮ Stochastic stability of monotone economies in regenerative environments ⋮ Estimation by simulation of monotone dynamical systems ⋮ Stochastic optimal growth with risky labor supply ⋮ Stochastic growth with short-run prediction of shocks ⋮ Stability of stochastic optimal growth models: a new approach ⋮ On the term structure of interest rates ⋮ Stochastic optimal growth with unbounded shock
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