Ramsey–Cass–Koopmans model
Modelo de crecimiento de Ramsey
- Date
- 1928 · confidence high
- Place
- Cambridge, England, United Kingdom
- Credited to
- Frank P. Ramsey
- Field
- Knowledge & symbols
What it is
Mathematical model of economic growth explaining how a society should choose optimal saving over time, formulated by Frank P. Ramsey and later extended by Cass and Koopmans.
What it led to
- Neoclassical theory of economic growth
- Intertemporal optimization models in economics
- Extensions by Cass and Koopmans in the 1960s
- Foundation of modern dynamic macroeconomic models