[Gretl-users] Re: Gretl-users Digest, Vol 148, Issue 7 (steady state tricks for the lazy)

A clarification please Allin: are you referring to the "Ramsey" or to the "Solow" growth model? I am confused because in the Ramsey model, we are not heading towards the Golden Rule steady state. On the other hand you do mention the Euler equation... Also what do you mean by "advantage"? In intertemporal utility terms or something else? Alecos Papadopoulos PhD Athens University of Economics and Business web: alecospapadopoulos.wordpress.com/ On 8/5/2019 21:50, gretl-users-request(a)gretlml.univpm.it wrote: > Brief word to the wise: I'd like to know, if you're heading for the > Golden Rule steady state "from below", is there any advantage in > respecting the Euler equation as opposed to just saving at the > steady-state Golden Rule rate from the start (given a CRRA utility > function with parameter sigma = 2): the answer appears to be Yes. > > Allin