Ramsey Model ·
Saddle Path to Steady State
un
seel
.com · Ramsey 1928 · u'(c)/u'(c') = β(1+r')
k*
—
c*
—
Beat
—
k̇ = 0 locus
ċ = 0 locus
Saddle path
Divergent path
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Un
seel
.com · Ramsey-Cass-Koopmans