sserr: Compute the Return Rate in the Steady State Equilibrium
In GE: General Equilibrium Modeling

sserr

R Documentation

Compute the Return Rate in the Steady State Equilibrium

Description

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

Usage

sserr(eis, rho.beta, gr = 0, type = "CES", prepaid = FALSE)

Arguments

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

Examples


sserr(eis = 1, rho.beta = 0.97, gr = 0)
sserr(eis = 1, rho.beta = 1.25, gr = 0)
sserr(eis = 1, rho.beta = 0.97, gr = 0, type = "SCES")

sserr(eis = 0.5, rho.beta = 0.97, gr = 0)
sserr(eis = 0.5, rho.beta = 0.97, gr = 0, type = "SCES")

GE documentation built on Nov. 8, 2023, 9:07 a.m.