In this paper we extend Merton's (Rev. Econom. Stud. 42 (1975) 375) classic stochastic version of the Ramsey model by allowing the government to control the expected growth rate of the labor supply. We characterize the solution to this control problem for general time-separable preferences, and deri
β¦ LIBER β¦
Welfare effects of exchange controls: An application to the Haitian economy
β Scribed by Kathleen Dorsainvil
- Publisher
- Springer US
- Year
- 2000
- Tongue
- English
- Weight
- 627 KB
- Volume
- 6
- Category
- Article
- ISSN
- 1083-0898
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