# Excel files and MATLAB programs for neoclassical growth model

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- legacy-msw
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## Abstract

Timing real balances Economic Growth: Theory and numerical solution methods A.Novales, E.Fernandez, J.Ruiz List of EXCEL files and MATLAB programs (ordered by sections) Chapter 2. The neoclassical growth model under a constant savings rate • Solow_deterministic.xls. Section 2.5.3 A single realization for the constant savings rate, deterministic growth model, is analyzed. o Discrete spreadsheet: The solution to the model is computed from the exact solution as well as from linear and quadratic approximations. A numerical comparison between them is performed. o Increasing time path spreadsheet: the case of an economy converging to steady state from below o Decreasing time path spreadsheet: the case of an economy converging to steady state from above • Change_steadystate.m. Section 2.5.3 Characterization of steady-state effects from changes in structural parameters other than the savings rate • Change_savings.xls. Section 2.5.4 Short- and long-run effects of a permanent increase in the value of the savings rate. A large and a small increase in savings rate are considered in different spreadsheets. o C-increases (1) and (2) spreadsheets: it presents the case of an economy where steady-state consumption is higher after the increase in savings. o C-decreases (1) and (2) spreadsheets: it presents the case of an economy where steady-state consumption is lower after the increase in savings • Change_savings.m. Section 2.5.4 It performs the same exercise as Change_savings.xls • Dynamic_inefficiency.xls. Section 2.5.5 Characterization of dynamically efficient and inefficient steady-states • Solow_dynamic.m. Section 2.5.5 The program performs the same exercise as Dynamic_inefficiency.xls. • Solow_stochastic.xls. Section 2.6.1 An approximate and an exact solution to the stochastic version of the constant savings rate economy. Four different realizations are displayed in as many spreadsheets • Solow_sto

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