Template-type: ReDIF-Paper 1.0
Author-Name: Fabrice Collard
Author-Email: fabrice.collard@gmail.com
Author-Homepage: http://fabcol.free.fr
Author-Person: pco44 
Author-Workplace-Name: European University Institute
Author-Name: Omar Licandro
Author-Email: omar.licandro@iue.it
Author-Person: pli10 
Author-Workplace-Name: European University Institute
Author-Name: Luis A. Puch
Author-Email: lpuch@ccee.ucm.es
Author-Homepage: https://www.ucm.es/fundamentos-analisis-economico2/luis-a-puch
Author-Person: ppu1 
Author-Workplace-Name: Departamento de Economía Cuantitativa (Department of Quantitative Economics), Facultad de Ciencias Económicas y 
	Empresariales (Faculty of Economics and Business), Universidad Complutense de Madrid.
Author-Workplace-Homepage: https://www.ucm.es/fundamentos-analisis-economico2
Title: The short-run dynamics of optimal growth models with delays
Abstract: Differential equations with advanced and delayed time arguments may arise in the optimality
	conditions of simple growth models with delays. Models with investment gestation lags (time-to-build),
	consumption gestation lags (habit formation) or learning by using lie in this category. In this paper, we propose a 
	shooting method to deal with leads and lags in the Euler system associated to dynamic general equilibrium 
	models in continuous time. We introduce the discussion describing the dynamics that emerge under various 
	assumptions on learning by using and gestation lags. Then, we implement the numerical method we propose 
	to solve for the short run dynamics of a neoclassical growth model with a simple time to-build-lag.
Classification-JEL: O40, E32, C63
Keywords: Time-to-build, Shooting method, DDEs.
Length: 20 pages 
Creation-Date: 2003 
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/doicae0311.txt
File-URL: https://eprints.ucm.es/id/eprint/7715/1/0311.pdf
File-Format: Application/pdf
Handle: RePEc:ucm:doicae:0311