; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "The One-Sector Growth Model With Idiosyncratic Shocks"; ; "batchuser@example.com"; "Huggett, Mark"; "Federal Reserve Bank of Minneapolis"; "E13 - General Aggregative Models: Neoclassical", "O41 - One, Two, and Multisector Growth Models"; "This paper investigates the one-sector growth model where agents experience idiosyncratic endowment shocks and face a borrowing constraint. It is shown that a steady-state capital level lies strictly above the steady state in the model without shocks. In addition, the capital stock increases monotonically when it is sufficiently far below a steady state. However, near a steady state there can be interesting (nonmonotonic) economic dynamics. "^^; "1995-11-01"; "2019-05-21T16:35:57.822438818+00:00"^^; "https://doi.org/10.21034/dp.105"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Apr 22 16:40:30 2020"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "351"; "Discussion paper (Federal Reserve Bank of Minneapolis. Institute for Empirical Macroeconomics)"; "105"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Institute for Empirical Macroeconomics"; "Published in: _Journal of Monetary Economics_ (Vol. 39, No. 3, August 1997, pp. 385-403) https://doi.org/10.1016/S0304-3932(97)00025-1."^^; ; "Publication" . ; .