Either Nordhaus has made a typo, or I have done worse than that: https://economics.stackexchange.com/q/61089
Help appreciated from anyone whose dynamic systems knowledge is less rusty than mine!
#econsky #econtwitter
Figure 1 in Nordhaus (1992) depends on $\theta_1, \theta_2, \xi_0, \xi_1$ and initial values $Y_0$ and $L_0$. It displays the values used for $\theta_1$ and $\theta_2$, but not the others. I have...
