đź“° Peer-reviewed article Theoretical Economics Letters
đź“„ Reference
Stefano Bosi and Lionel Ragot, “Time Representation in Economics,” Theoretical Economics Letters, Vol. 2 No. 1, 2012, pp. 10-15. doi: 10.4236/tel.2012.21002.
đź”— Read the article on the journal’s website
đź“„ Thema Working Paper
Abstract
In this paper, we study general polynomial discretizations in backward and forward looking, and the preservation of stability properties. We apply these results to the Ramsey model. Its discrete-time version is a hybrid discretizations of a backward-looking budget constraint and a forward-looking Euler equation. Saddle-path stability is a robust property under discretization.
Cite this article
BibTeX
@ARTICLE{RePEc:cai,
title = {Time Representation in Economics},
author = {Bosi, Stefano and Ragot, Lionel},
year = {2012},
journal = {Theoretical Economics Letters},
volume = {2},
number = {1},
pages = {10-15},
abstract = {In this paper, we study general polynomial discretizations in backward and forward looking, and the preservation of stability properties. We apply these results to the Ramsey model [4]. Its discrete-time version is a hybrid discretizations of a backward-looking budget constraint and a forward-looking Euler equation. Saddle-path stability is a robust property under discretization. },
url = {https://www.scirp.org/pdf/TEL20120100001_58923418.pdf}
}