Steady-state properties in a class of dynamic models

B-Tier
Journal: Journal of Economic Dynamics and Control
Year: 2014
Volume: 39
Issue: C
Pages: 165-177

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We characterize the location, stability and approach-time of optimal steady states in single-state, infinite-horizon, autonomous models by means of a simple function of the state variable, defined in terms of the model's primitives. The method does not require the solution of the underlying dynamic optimization problem. Its application is illustrated in the context of a generic class of resource management problems.

Technical Details

RePEc Handle
repec:eee:dyncon:v:39:y:2014:i:c:p:165-177
Journal Field
Macro
Author Count
2
Added to Database
2026-01-29