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lectures/olg.md

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@@ -159,7 +159,7 @@ In our closed economy, the net saving this period will be equal to the supply ne
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```{math}
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:label: aggregate_supply_capital_1_olg
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K_{t+1} = K^S(w_t, R_{t+1}) = S_t = L s_t = L s(w_t, R_{t+1})
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```{math}
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```
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Here $K^S(w_t, R_{t+1})$ means the invariant function relationship between aggregate capital supply $K_{t+1}$ and wage $w_t$ and return rate $R_{t+1}$.
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@@ -437,7 +437,7 @@ plot_45(m, k_update, kstar=k_star(m))
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If we assume that the model is the same except that $u(c) = \frac{ c^{1- \gamma}-1}{1-\gamma}$, where $\gamma >0$.
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If we assume that the model is the same except that $u(c) = \frac{ c^{1- \gamma}-1}{1-\gamma}$, where $\gamma >0, \gamma\neq 1$.
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```{code-cell} ipython3
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def crra(c, γ=2):

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