Ramsey–Cass–Koopmans model
E381618
dynamic general equilibrium model
intertemporal optimization model
macroeconomic growth model
neoclassical growth model
optimal growth model
The Ramsey–Cass–Koopmans model is a foundational neoclassical growth model in macroeconomics that analyzes optimal savings, consumption, and capital accumulation over time in a perfectly competitive economy.
All labels observed (5)
| Label | Occurrences |
|---|---|
| Ramsey–Cass–Koopmans model canonical | 2 |
| Ramsey 1928 optimal saving problem | 1 |
| Ramsey model | 1 |
| Ramsey–Cass model | 1 |
| Ramsey–Koopmans model | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T3725149 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Ramsey–Cass–Koopmans model Context triple: [F. P. Ramsey, notableWork, Ramsey–Cass–Koopmans model]
-
A.
Kaldor growth model
The Kaldor growth model is a post-Keynesian economic framework that explains long-run economic growth through the interaction of capital accumulation, income distribution, and demand-driven dynamics.
-
B.
Mundell-Fleming model
The Mundell-Fleming model is a macroeconomic framework that analyzes how monetary and fiscal policy affect output and exchange rates in an open economy with international capital flows.
-
C.
Hicks–Kaldor compensation criterion
The Hicks–Kaldor compensation criterion is an economic efficiency test stating that a policy change is desirable if those who gain could in principle compensate those who lose and still be better off, regardless of whether compensation actually occurs.
-
D.
Walrasian market-clearing framework
The Walrasian market-clearing framework is a general equilibrium model in which perfectly competitive markets continuously adjust prices so that supply equals demand in all markets simultaneously.
-
E.
Introduction to Modern Economic Growth
Introduction to Modern Economic Growth is a comprehensive graduate-level textbook that rigorously develops the theory and empirics of long-run economic growth, with a strong emphasis on microfoundations and institutional factors.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Ramsey–Cass–Koopmans model Target entity description: The Ramsey–Cass–Koopmans model is a foundational neoclassical growth model in macroeconomics that analyzes optimal savings, consumption, and capital accumulation over time in a perfectly competitive economy.
-
A.
Kaldor growth model
The Kaldor growth model is a post-Keynesian economic framework that explains long-run economic growth through the interaction of capital accumulation, income distribution, and demand-driven dynamics.
-
B.
Mundell-Fleming model
The Mundell-Fleming model is a macroeconomic framework that analyzes how monetary and fiscal policy affect output and exchange rates in an open economy with international capital flows.
-
C.
Hicks–Kaldor compensation criterion
The Hicks–Kaldor compensation criterion is an economic efficiency test stating that a policy change is desirable if those who gain could in principle compensate those who lose and still be better off, regardless of whether compensation actually occurs.
-
D.
Walrasian market-clearing framework
The Walrasian market-clearing framework is a general equilibrium model in which perfectly competitive markets continuously adjust prices so that supply equals demand in all markets simultaneously.
-
E.
Introduction to Modern Economic Growth
Introduction to Modern Economic Growth is a comprehensive graduate-level textbook that rigorously develops the theory and empirics of long-run economic growth, with a strong emphasis on microfoundations and institutional factors.
- F. None of above. chosen
Statements (61)
| Predicate | Object |
|---|---|
| instanceOf |
dynamic general equilibrium model
ⓘ
intertemporal optimization model ⓘ macroeconomic growth model ⓘ neoclassical growth model ⓘ optimal growth model ⓘ |
| alsoKnownAs |
Ramsey–Cass–Koopmans model
ⓘ
surface form:
Ramsey model
Ramsey–Cass–Koopmans model ⓘ
surface form:
Ramsey–Cass model
Ramsey–Cass–Koopmans model ⓘ
surface form:
Ramsey–Koopmans model
|
| analyzes |
balanced growth path
ⓘ
optimal capital path ⓘ optimal consumption path ⓘ optimal saving rate ⓘ steady-state equilibrium ⓘ |
| assumes |
closed economy
ⓘ
constant returns to scale production function ⓘ diminishing marginal product of capital ⓘ exogenous population growth ⓘ exogenous technological progress ⓘ infinitely lived agents ⓘ no government ⓘ no uncertainty ⓘ perfect competition ⓘ perfect foresight ⓘ representative firm ⓘ representative household ⓘ |
| contrastsWith |
Solow growth model
ⓘ
surface form:
Solow–Swan model
|
| coreConcept |
capital accumulation
ⓘ
infinite-horizon planning ⓘ intertemporal utility maximization ⓘ optimal consumption ⓘ optimal saving ⓘ social planner problem ⓘ |
| developedBy |
David Cass
ⓘ
F. P. Ramsey ⓘ
surface form:
Frank P. Ramsey
Tjalling C. Koopmans ⓘ |
| extends |
Ramsey–Cass–Koopmans model
self-linksurface differs
ⓘ
surface form:
Ramsey 1928 optimal saving problem
|
| field |
dynamic economics
ⓘ
economic growth theory ⓘ macroeconomics ⓘ |
| implies |
consumption smoothing over time
ⓘ
modified golden rule of capital ⓘ |
| influenced |
modern DSGE models
ⓘ
real business cycle models ⓘ |
| namedAfter |
David Cass
ⓘ
F. P. Ramsey ⓘ
surface form:
Frank P. Ramsey
Tjalling C. Koopmans ⓘ |
| optimizationAgent |
representative household in competitive equilibrium
ⓘ
social planner ⓘ |
| timeHorizon | infinite horizon ⓘ |
| typicalProductionSpecification | Cobb–Douglas production function ⓘ |
| typicalUtilitySpecification |
constant relative risk aversion utility
ⓘ
time-separable utility ⓘ |
| usedFor |
analysis of consumption dynamics
ⓘ
analysis of savings behavior ⓘ analysis of tax policy in growth models ⓘ welfare analysis of growth paths ⓘ |
| uses |
Euler equation for consumption
ⓘ
capital accumulation equation ⓘ production function ⓘ transversality condition ⓘ utility function ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Ramsey–Cass–Koopmans model Description of subject: The Ramsey–Cass–Koopmans model is a foundational neoclassical growth model in macroeconomics that analyzes optimal savings, consumption, and capital accumulation over time in a perfectly competitive economy.
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Frank P. Ramsey
this entity surface form:
Ramsey model
this entity surface form:
Ramsey–Cass model
this entity surface form:
Ramsey–Koopmans model
this entity surface form:
Ramsey 1928 optimal saving problem