saving problem is really at the core of modern dynamic macroeconomics production
The savings problem is one of the classical problems in macroeconomics. One can trace its beginnings from Irving Fisher's and Milton Friedman's consumption
to set up and solve the household's consumption/saving problem in continuous time. There are many fields in economics where a setup in continuous time is
Lecture 7: Consumption-Savings Problem. Finite Horizon. Economics 712
As a vehicle for comparing continuous time modeling with discrete time mod- eling we consider a standard household consumption/saving problem. How does the
Simple Consumption / Savings Problems (based on Ljungqvist &. Sargent Ch 16
The problem of the household is to maximize (1) subject to (2): The response of consumption and savings to changes in interest rates is an important ...
http://pages.stern.nyu.edu/~dbackus/233/notes_econ_consumption.pdf
Thus we have solved the two-period life cycle saving problem for the consumption function c1 relating the level of consumption to all of the parameters of the
We assume that the consumer is rational in that he is able to forecast correctly his future actions: a solution to the decision problem is required to take the