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An Intertemporal Model of Saving and Investment

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NBER1982-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0885
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The standard model of optimal growth, interpreted as a model of a market economy with infinitely long-lived agents, does not allow separation of the savings decisions of agents from the investment decisions of firms. Investment is essentially passive: the "one good" assumption leads to a perfectly
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1982-04-01
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