Dynamic Inefficiency in a Nutshell

Описание к видео Dynamic Inefficiency in a Nutshell

I describe dynamic inefficiency using Solow's model of economic growth as a starting point. By means of a graphical depiction, I describe the features of the golden rule saving rate and what happens if the economy exhibits a higher or lower saving rate than the golden rule level. Finally, I briefly talk about the empirical relevance of dynamic inefficiency.

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