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2007-12-22 | 第十七讲： RBC 的简单特例及解法
第十七讲 PDF
特例及解法沿自王鹏飞。
This is a very simple model in which labor-leisure decision is assumed away --- leisure does not enter the utility function. As a result, the equations are much simpler but the idea and methodology of RBC are nicely kept. I urge all of you to work out this simple example, step by step. A complete mastery of this example will drastically improve your understanding of RBC models.
The example was produced in Scientific Workplace. But I suggest that you replicate the results here using either Matlab, Mathcad, or Mathematica.
I met Pengfei in 2002 when he came from CCER to sit in my class at Tsinghua University. He became my colleague at HKUST this year after obtaining a PhD from Cornell.
祝大家圣诞快乐新年愉快！
香港科大商学院：谢丹阳
特例及解法沿自王鹏飞。
This is a very simple model in which labor-leisure decision is assumed away --- leisure does not enter the utility function. As a result, the equations are much simpler but the idea and methodology of RBC are nicely kept. I urge all of you to work out this simple example, step by step. A complete mastery of this example will drastically improve your understanding of RBC models.
The example was produced in Scientific Workplace. But I suggest that you replicate the results here using either Matlab, Mathcad, or Mathematica.
I met Pengfei in 2002 when he came from CCER to sit in my class at Tsinghua University. He became my colleague at HKUST this year after obtaining a PhD from Cornell.
祝大家圣诞快乐新年愉快！
香港科大商学院：谢丹阳
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