This paper studies the links between money, specialization, and capital accumulation in a neoclassical growth framework. For tractability, the transactions role of money is introduced through a ...
Backsolving is a class of methods that generate simulated values for exogenous forcing processes in a stochastic equilibrium model from specified assumed distributions for Euler-equation disturbances.
Use the dividend growth model to estimate fair stock prices based on future dividend growth. Be wary of model assumptions; real-world events like the pandemic can alter expected outcomes. Incorporate ...