A generalization of Ramsey rule on discount rate with regime switching

DOI10.1016/J.ECONLET.2018.06.011zbMATH Open1397.91351OpenAlexW2808425797MaRDI QIDQ1787723FDOQ1787723

Authors: Seyoung Park 

Publication date: 5 October 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://dspace.lboro.ac.uk/2134/33773

Recommendations

• Investment-consumption with regime-switching discount rates
• Time horizon and the discount rate.
• Discounting with fat-tailed economic growth
• The golden rule when preferences are time inconsistent
• Ecological discounting

zbMATH Keywords

regime switchingequilibriumdiscount rate

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cites Work

• A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
• Asset Prices in an Exchange Economy
• Macro-Finance*

Cited In (2)

• Title not available (Why is that?)
• Ramsey rule with forward/backward utility for long-term yield curves modeling

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