Habit Formation
 This page was constructed for graduate students interested in the dynamics of the habit formation model analyzed in: Carroll, C. D., Overland, J., Weil, D. N., December 1997. Comparison utility in a growth model. Journal of Economic Growth 2 (4), 339367. Carroll, C. D., Overland, J., Weil, D. N., June 2000. Saving and growth with habit formation. American Economic Review 90 (3), 341355.
 Matlab program to simulate the CarrollOverlandWeil model m
 Matlab program to plot the simulations of the CarrollOverlandWeil model m
 Simulations below are for: Toche, Patrick, 2008 "Multiple BGPs in a Growth Model with Habit Persistence: A Comment," Journal of Money, Credit, and Banking, Blackwell Publishing, Volume 41 (1), February, Pages 189195.
 Published Version (available for a fee): pdf
 Unpublished Version (more detailed, available free of charge): pdf
 Brief explanation on the simulations txt
 Maple worksheet for the phase diagram: mws
 Maple worksheet for the phase diagram: pdf
 Maple worksheet to check my calculations: mws
 Maple worksheet to check my calculations: pdf
 Maple worksheet for the phase diagram, the stable manifold, and producing the figure: mws
 Maple worksheet for the phase diagram, the stable manifold, and producing the figure: pdf
 Raw figure produced by Maple: ps
 LaTeX/PSTricks script to adorn the figure with labels and things: tex
 Published figure in encapsulated postcript format: eps
 LaTeX script to insert my eps figure in a LaTeX document: txt
 If you use the resources made available here, please do send me an email. If you notice problems, please check your calculations with fellow students and if problems persist do inform me by email. Maple worsheets can be read only with the Maple software. Maple worksheets are unintelligble with a standard word processor. I provide below pdf versions of the Maple worksheet so that you may read the code without Maple. You will not be able to alter the pdf files, obviously, but you may be able to transcribe the lines of code into your own preferred software, such as Mathematica for instance. Do let me know if you do that.

