sserr

Compute the (postpaid) return rate in the steady state equilibrium.

Some tools for developing general equilibrium models and some general equilibrium models. These models can be used for teaching economic theory and are built by the methods of new structural economics (see LI Wu, 2019, ISBN: 9787521804225, General Equilibrium and Structural Dynamics: Perspectives of New Structural Economics. Beijing: Economic Science Press). The model form and mathematical methods can be traced back to J. von Neumann (1945, A Model of General Economic Equilibrium. The Review of Economic Studies, 13. pp. 1-9), J. G. Kemeny, O. Morgenstern and G. L. Thompson (1956, A Generalization of the von Neumann Model of an Expanding Economy, Econometrica, 24, pp. 115-135) et al. By the way, J. G. Kemeny is a co-inventor of the computer language BASIC.

LI Wu

General Equilibrium Modeling

Wu LI

sserr function

<dl><dt>eis</dt>
<dd>a positive scalar indicating the elasticity of intertemporal substitution in the intertemporal utility function.</dd>
<dt>Gamma.beta</dt>
<dd>a positive scalar indicating the subjective discount factor, which is typically no greater than 1.</dd>
<dt>gr</dt>
<dd>a non-negative scalar indicating the growth rate in the steady state equilibrium.</dd>
<dt>type</dt>
<dd>a character indicating the type of the intertemporal utility function, which may be CES (i.e. CRRA) or SCES.</dd>
<dt>prepaid</dt>
<dd>a logical value. If prepaid is FALSE, the return rate is returned.
Otherwise the prepaid steady-state equilibrium return rate (i.e. the current yield rate) is returned.</dd></dl>

Arguments

Compute the Return Rate in the Steady State Equilibrium — sserr

<dl>

<dt>eis</dt>
<dd>a positive scalar indicating the elasticity of intertemporal substitution in the intertemporal utility function.</dd>


<dt>Gamma.beta</dt>
<dd>a positive scalar indicating the subjective discount factor, which is typically no greater than 1.</dd>


<dt>gr</dt>
<dd>a non-negative scalar indicating the growth rate in the steady state equilibrium.</dd>


<dt>type</dt>
<dd>a character indicating the type of the intertemporal utility function, which may be CES (i.e. CRRA) or SCES.</dd>


<dt>prepaid</dt>
<dd>a logical value. If prepaid is FALSE, the return rate is returned.
Otherwise the prepaid steady-state equilibrium return rate (i.e. the current yield rate) is returned.</dd>

</dl>

sserr: Compute the Return Rate in the Steady State Equilibrium

Description

Usage

Arguments

Examples