Question: Suppose that we have an overlapping generation model and the utility is U_t=lnC_1t+BlnC_(2t+1), and the production function is F(K_t, L_t )=A K_t^ L_t^(1-). 1. Compute

Suppose that we have an overlapping generation model and the utility is U_t=lnC_1t+BlnC_(2t+1), and the production function is F(K_t, L_t )=A K_t^ L_t^(1-).

1. Compute the steady-state saving required to maintain the golden rule level of capital stock?

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