Recursive competitive equilibrium
id:
recursive-competitive-equilibrium-314-17067991
title:
Recursive competitive equilibrium
text:
In macroeconomics, recursive competitive equilibrium (RCE) is an equilibrium concept. It has been widely used in exploring a wide variety of economic issues including business-cycle fluctuations, monetary and fiscal policy, trade related phenomena, and regularities in asset price co-movements. This is the equilibrium associated with dynamic programs that represent the decision problem when agents must distinguish between aggregate and individual state variables. These state variables embody the
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wiki
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encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Recursive_competitive_equilibrium
date created:
date modified:
2023-02-01T19:38:49Z
main entity:
{"identifier":"Q7303339","url":"https://www.wikidata.org/entity/Q7303339"}
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13
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