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On the optimal target of a macroeconomic growth model
macroeconomic stochastic growth convex optimization iterated function systems
2009/2/8
Many questions in macroeconomics lead to random discrete dynamical systems
yt+1 = wi(yt) where the map wi is contractive and it is chosen in a given set
with probability pi. The aim of this paper is...
On the optimal target of a macroeconomic growth model
macroeconomic stochastic growth convex optimization iterated function systems
2009/1/12
Many questions in macroeconomics lead to random discrete dynamical systems
yt+1 = wi(yt) where the map wi is contractive and it is chosen in a given set
with probability pi. The aim of this paper is...