%0 Journal Article
%T Time Representation in Economics
%A Stefano Bosi
%A Lionel Ragot
%J Theoretical Economics Letters
%P 10-15
%@ 2162-2086
%D 2012
%I Scientific Research Publishing
%R 10.4236/tel.2012.21002
%X In this paper, we study general polynomial discretizations in backward and forward looking, and the preservation of stability properties. We apply these results to the Ramsey model [4]. Its discrete-time version is a hybrid discretizations of a backward-looking budget constraint and a forward-looking Euler equation. Saddle-path stability is a robust property under discretization.
%K Discretization
%K Growth
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=17348