Showing papers on "Golden Rule (fiscal policy) published in 1974"
TL;DR: In this article, the authors consider an n -good model of optimal accumulation determined by a technology, a utility function, and a discount factor, and show that a technology is δ-productive if it contains an input-output pair such that the discounted output vector strictly dominates the input vector.
19 citations
TL;DR: In this paper, a simple model (continuous time) and a discrete production model and the Golden Rule are presented. But the model does not consider the optimal stocks of capital.
Abstract: I. Introduction, 117. — II. The simple model (continuous time), 117. — III. The discrete production model and the Golden Rule, 119. — IV. Discounting and the optimal stocks of capital, 121.
1 citations