Diamond Model

Description

Flashcards on Diamond Model, created by Peter Hazlett on 19/10/2018.
Peter Hazlett
Flashcards by Peter Hazlett, updated more than 1 year ago
Peter Hazlett
Created by Peter Hazlett over 5 years ago
26
2

Resource summary

Question Answer
Population
Technology
Real Interest Rate
Wage per unit of effective worker
Individual Utility Function
Income (Budget Constraint)
Consumption in Period 1
Savings Rate
Dynamics of Capital
Dynamics of Capital per unit of effective labor
Dynamics of Capital per unit of effective labor with a Logarithmic Utility Function and Cobb-Douglas Production Function
Dynamic Inefficiency Whenever f'(k)=r>n=f'(k_GR), the economy is dynamically inefficient.
Steady-State Value of Capital per unit of effective worker (Log U and CD PF)
f'(k*) (Log U and CD PF)
Golden Rule (Log U and CD PF)
Comparing f'(k*) with f'(k_GR) (Log U and CD PF)
Introducing Government Into Dynamics of Capital per unit of effective labor (Log U and CD PF)
Show full summary Hide full summary

Similar

Accounting Definitions
Tess Morris
THEMES IN KING LEAR
Sarah-Elizabeth
Cold War Causes Revision
Tom Mitchell
German Irregular Verbs
Shane Buckley
HRCI Glossary of Terms O-Z
Sandra Reed
PHR SPHR Labor Union Terminology
Sandra Reed
GCSE REVISION TIMETABLE
rebekahanne11
Jane Eyre
sennahlee
Biology B1.1 - Genes
raffia.khalid99
chemsitry as level topic 5 moles and equations
Talya Hambling
EXAM 1 - ENABLING FEATURES
kristinephil558