Stochastic Optimal Growth with Unbounded Shock
نویسنده
چکیده
This paper considers a neoclassical optimal growth problem where the shock that perturbs the economy in each time period is potentially unbounded on the state space. Sufficient conditions for existence, uniqueness and stability of equilibria are derived in terms of the primitives of the model using recent techniques from the field of perturbed dynamical systems. Journal of Economic Literature Classification Numbers: C61, C62, O41.
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 106 شماره
صفحات -
تاریخ انتشار 2002