Compute moments as a function of key parameters

Reference no: EM131265288

Extend the code for the one sector stochastic growth model to solve (5.34). Use the resulting policy functions to simulate the model, and compute moments as a function of key parameters, including the variance/covariance matrix for the shocks. Relate these to observed correlations from U.S. data. Does the existence of taste shocks ‘‘help'' the model fit the data better?

Reference no: EM131265288

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