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Euler equation
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Journal Article
History of Political Economy (2010) 42 (2): 201–219.
Published: 01 June 2010
...Perry Mehrling Once upon a time, macroeconomics was a field organized around money and the equation of exchange, as in Fisher 1911. Today, the field is organized instead around finance and the intertemporal Euler equation. This article tells the story of how we moved from then to now, a story...
Journal Article
History of Political Economy (2023) 55 (1): 103–143.
Published: 01 February 2023
... the practice of consumption modeling drifted away from Hall's original proposal, suggesting the necessity of a more nuanced view of the notion of influence in contemporary macroeconomics. In this particular case, we found that drifting occurred within the bounds set by the Euler equation and the assumptions...
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Journal Article
History of Political Economy (1993) 25 (suppl_1): 131–156.
Published: 01 January 1993
... the partial differential equations:
dF d dF
= 0 / = 1, . . ., n,
dqi dt dqi
the so-called Euler equations (or Lagrange equations in the case of a
classical mechanical system).
If there are no independent variables, one has only a description...
Journal Article
History of Political Economy (2011) 43 (4): 765–768.
Published: 01 November 2011
... of the empirical models: the DGP [data-generating process]” (113).
In chapter 8 (“A Structure of the Consumption Function”) the author reviews work
based on the Euler equation, and, while Chao is sympathetic to this work, he points
out that “the Euler-equation per se is not really a consumption function...
Journal Article
History of Political Economy (2011) 43 (4): 769–770.
Published: 01 November 2011
... of the Consumption Function”) the author reviews work
based on the Euler equation, and, while Chao is sympathetic to this work, he points
out that “the Euler-equation per se is not really a consumption function but an equi-
librium condition that can be regarded as a structure of the consumption function...
Journal Article
History of Political Economy (2011) 43 (4): 770–772.
Published: 01 November 2011
... of the empirical models: the DGP [data-generating process]” (113).
In chapter 8 (“A Structure of the Consumption Function”) the author reviews work
based on the Euler equation, and, while Chao is sympathetic to this work, he points
out that “the Euler-equation per se is not really a consumption function...
Journal Article
History of Political Economy (2011) 43 (4): 772–775.
Published: 01 November 2011
... from the data. . . . The second ingredient is that the theory of reduction
shows the origins of the empirical models: the DGP [data-generating process]” (113).
In chapter 8 (“A Structure of the Consumption Function”) the author reviews work
based on the Euler equation, and, while Chao...
Journal Article
History of Political Economy (2011) 43 (4): 775–777.
Published: 01 November 2011
... from the data. . . . The second ingredient is that the theory of reduction
shows the origins of the empirical models: the DGP [data-generating process]” (113).
In chapter 8 (“A Structure of the Consumption Function”) the author reviews work
based on the Euler equation, and, while Chao...
Journal Article
History of Political Economy (2011) 43 (4): 777–779.
Published: 01 November 2011
... from the data. . . . The second ingredient is that the theory of reduction
shows the origins of the empirical models: the DGP [data-generating process]” (113).
In chapter 8 (“A Structure of the Consumption Function”) the author reviews work
based on the Euler equation, and, while Chao...
Journal Article
History of Political Economy (2011) 43 (4): 779–781.
Published: 01 November 2011
... of the empirical models: the DGP [data-generating process]” (113).
In chapter 8 (“A Structure of the Consumption Function”) the author reviews work
based on the Euler equation, and, while Chao is sympathetic to this work, he points
out that “the Euler-equation per se is not really a consumption function...
Journal Article
History of Political Economy (2009) 41 (2): 311–342.
Published: 01 June 2009
... since it consists in identify-
ing the optimal trajectory by means of the following functional:
t1
Uc, c dt. (5)
t0
This is a typical calculus of variations problem, which presents the Euler
equation as a necessary, and here also suffi...
Journal Article
History of Political Economy (1997) 29 (suppl_1): 41–62.
Published: 01 January 1997
...) are regarded as indepen
dent arguments of the function F. The necessary conditions for x*(t) to
maximize (1) subject to (2) are the Euler equation
Fx = dFx,/dt, (3)
the Legendre condition
< 0 (4...
Journal Article
History of Political Economy (1993) 25 (suppl_1): 351–370.
Published: 01 January 1993
...; Boumans
Euler equations, 141, 142, 150, on, 131 ; de Marchi on, 2 8 6 -9 3 , 297;
151, 152 Klamer on, 243; Tinbergen and, 132.
Euler Theorem, 258 See also Mathematical formalism...
Journal Article
History of Political Economy (1972) 4 (2): 587–602.
Published: 01 June 1972
... theoretiicrians, all un-
conscious of his plight, wlas Euler, Euler of thle ;theorem. (Of course
he has ather claims : Euler’s differentid equation iS the general basis
of ,the turnpike theorem.) With Euler’s solmewhat pmthumous as-
sistance, the rnargindists solved the income-distribution pToblwn...
Journal Article
History of Political Economy (1988) 20 (3): 357–379.
Published: 01 September 1988
....’ History of Political Economy , 17 : 245 –262. Euler , Leonhard 1748 . Introductio in analysin infinitorum . Lausanne. Reprinted in Opera omnia vol. 8 . Ed. Ferdinand Rudio and others. Vorbehalten: 1922. Euler , Leonhard 1970 . ‘A general approach into the mortality...
Journal Article
History of Political Economy (1984) 16 (4): 577–582.
Published: 01 November 1984
... is irrelevant. In the context of Wicksell’s model,
the effect of this is that condition (3) becomes simply a statement of Euler’s
theorem, and provides no independent information. Equation (2) becomes
the effective demand for labor curve, with such demand infinite if (2)
is positive, zero if (2...
Journal Article
History of Political Economy (2009) 41 (2): 297–309.
Published: 01 June 2009
..., unfortunately he
still notated the latter as dy/dx instead of with, say, a single letter, as Euler
had done with p, or Lagrange’s kind of notation with y′(x). He thought that
only in dynamic situations could (1) be taken as a fi rst-order differential
equation, with dy/dx back as a ratio of differentials...
Journal Article
History of Political Economy (1989) 21 (1): 15–26.
Published: 01 March 1989
...)
According to Euler’s theorem, (4) implies
Y = g,x 4- g,L
(9) and (10) imply
X=K (1 1)
Now, (5) can be replaced by (10). However, as (10) according to Euler’s
theorem can be derived from (4), it is not an independent equation; there-
fore...
Journal Article
History of Political Economy (2010) 42 (4): 631–652.
Published: 01 November 2010
...? The easiest route to the answer comes from the
theory of optimal growth, as with a many-capital-good Ramsey model.
From there we obtain dynamic equilibrium conditions (Euler equations),
but these do not suffice by themselves. We need to add transversality con-
ditions. The dynamic equations...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 271–304.
Published: 01 December 2004
...
has followed E. F. Koenig (1989, 1993a, 1993b) in building an aggre-
gate IS equation from the standard Euler optimality condition for con-
sumption that appears in forward-looking models and in stressing that
the effect of optimizing behavior is to make current spending decisions
depend...
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