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Consider a static economy.

by | May 18, 2021 | Macro Economics

Consider a static economy. There are neither government spending nor taxes. The total amount of time available to consumers is set equal to 1. Suppose the utility function of the representative consumer is given by U(C, l) = γ log C + (1 − γ) log l where 0 < γ 0 is...

Set up the parameters of the model

by | May 12, 2021 | Macro Economics

Solow Model Excel Assignment goals of the Assignment There are two main goals for this assignment. First, it is meant to help improve your understanding of the mechanics of the Solow growth model that we covered in the first half of the class and to make sure you...