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Research of the demand for consumer loans and money
I. F. Gimaltdinov M. V. Lomonosov Moscow State University
Abstract:
The paper describes a Ramsey-type model taking into account the demand for consumer credits and the liquidity constraints. For the solution with the finite planning horizon, the existence of intermidiate turnpike has been proved. It is also proved that the intermidiate turnpike is a solution for problem with infinite problem.
Keywords:
synthesys of optimal control, intermidiate turnpike.
Received: 26.05.2011
Citation:
I. F. Gimaltdinov, “Research of the demand for consumer loans and money”, Matem. Mod., 24:2 (2012), 84–98
Linking options:
https://www.mathnet.ru/eng/mm3207 https://www.mathnet.ru/eng/mm/v24/i2/p84
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