电子科技大学：《高级宏观经济学 Advanced Macroeconomics》课程教学资源（课件讲稿）Lecture 03a Ramsey Model

We assume thatRsatisfies ,for allt q1=t+1 so that a,is bounded away from-o why? 电子科大经管学院马捷 16 一元

电子科大经管学院 马捷 16   ? so that is bounded away from for all 1 We assume that , satisfies 1 0 why a q w M t q R w t t t t t t              

Households'Problem Given Rwchooses cto 00 max U=∑B'U(c,1-) t=0 st.c+a≤(1+R)a+w,l c≥0，∈[0,1]，a+≥4+l 电子科大经管学院马捷 17

Households’ Problem 电子科大经管学院 马捷 17     1 1 1 0 0 0 1 0 0 , [ 0 , 1], . . ( 1 ) max ( , 1 ) Given , , chooses , , to                     t j t j t j t j t t j t t j t j t t j t j t j t t j t j t j t t t t c l a a s t c a R a w l U c l R w c l k U 