Keynes–Ramsey rule
id:
keynes-ramsey-rule-276-17285576
title:
Keynes–Ramsey rule
text:
In macroeconomics, the Keynes–Ramsey rule is a necessary condition for the optimality of intertemporal consumption choice. Usually it is expressed as a differential equation relating the rate of change of consumption with interest rates, time preference, and (intertemporal) elasticity of substitution. If derived from a basic Ramsey–Cass–Koopmans model, the Keynes–Ramsey rule may look like where c is consumption and c ˙ its change over time, ρ ∈ is the discount rate, r ∈ is the real interest rate
brand slug:
wiki
category slug:
encyclopedia
description:
Mathematical formula in macroeconomics
original url:
https://en.wikipedia.org/wiki/Keynes%E2%80%93Ramsey_rule
date created:
date modified:
2023-06-03T06:23:15Z
main entity:
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image:
fields total:
13
integrity:
14