Lecture3GrowthModel,.PDFVIP

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Lecture3GrowthModel,

Lecture 3: Growth Model, Dynamic Optimization in Continuous Time (Hamiltonians) ECO 503: Macroeconomic Theory I Benjamin Moll Princeton University Fall 2014 1 / 16 Plan of Lecture Growth model in continuous time ? Hamiltonians: system of di?erential equations ? Phase diagrams ? Finite di?erence methods and shooting algorithm 2 / 16 Growth Model in Continous Time ? Prefere

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