Let C be a consumption matrix such that C m 0 as m , and for m 1,2, , let D m 1 C C m Find a difference equation that relates D m and D m 1 and thereby obtain an iterative procedure for computing formula (8) for (I C)

Question: Let C be a consumption matrix such that C m 0 as m , and for m = 1,2,..., let D m =

Let C be a consumption matrix such that C^m → 0 as m → ∞, and for m = 1,2,..., let D_m = 1 + C +...+ C^m. Find a difference equation that relates D_m and D_m₊₁ and thereby obtain an iterative procedure for computing formula (8) for (I - C)^-¹.

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