The Ramsey/Cass-Koopmans (RCK) Model

This handout presents the Ramsey (1928)/Cass (1965)-Koopmans (1965) (RCK) model in continuous time for an economy with exogenous labor-augmenting technological progress. 1 The Model The economy

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Banking Jitters

C. P. Chandrasekhar In an unusual and ill-advised move, the Reserve Bank of India issued a brief ‘clarification’ on October

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The Phillips curve

The Phillips curve shows the relationship between unemployment and inflation in an economy. Since its ‘discovery’ by New Zealand economist

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