Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Walde, Klaus 

Discussion Paper
Capital accumulation in a model of growth and creative destruction

Capital accumulation and creative destruction is modeled together with risk-averse households. The novel aspect-risk-averse households-allows to use well-known models not only for analyzing long-run growth as in the literature but also short-run fluctuations. The model remains analytically tractable due to a very convenient property of the household's investment decision in this stochastic continuous-time setup.
Discussion Paper / Institute for Empirical Macroeconomics , Paper 139

FILTER BY Content Type

FILTER BY Author

FILTER BY Keywords

Capital 1 items

PREVIOUS / NEXT