Chapter 4 pushes the dynamic optimization example a bit further by adding production and savings alongside consumption. The aim is to generalize the model in preparation for the treatments in later chapters. A simple three-period numeric example is provided.

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Mr. Kuchenfresser Meets Ms. Banker

  • Gerald Shively

摘要

Chapter 4 pushes the dynamic optimization example a bit further by adding production and savings alongside consumption. The aim is to generalize the model in preparation for the treatments in later chapters. A simple three-period numeric example is provided.