At a Glance: A recursive formulation of the Lucas-Stokey (1983) model of a Ramsey planner choosing an optimal fiscal policy. Roberto Chang's analysis and extension of the Calvo model; corrections from Monday September 18 class.
Lecture 6 Adv Macro 2017 -
A recursive formulation of the Lucas-Stokey (1983) model of a Ramsey planner choosing an optimal fiscal policy. Roberto Chang's analysis and extension of the Calvo model; corrections from Monday September 18 class. In this video I overview fiscal and monetary policy and how the economy adjust in the long run.
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- A recursive formulation of the Lucas-Stokey (1983) model of a Ramsey planner choosing an optimal fiscal policy.
- Roberto Chang's analysis and extension of the Calvo model; corrections from Monday September 18 class.
- In this video I overview fiscal and monetary policy and how the economy adjust in the long run.
- Lagrangian formulation of linear quadratic dynamic programming problem.
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