Inspecting the Mechanism: An Analytical Approach to the Stochastic Growth Model
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This paper argues that a clear understanding of the stochastic growth model can best be achieved by working out an approximate analytical solution. The proposed solution method replaces the true budget constraints and Euler equations of economic agents with loglinear approximations. The model then
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美国国家经济研究局创建时间：
1992-10-01
