Lucien Foldes

Emeritus Professor of Economics. Member of Financial Markets Group and Systemic Risk Centre, LSE.

Tel: +44 (0)20 7849 4962


Discussion Papers
Mar 2017
DP 68
This Paper continues the study of the Optimal Consumption Function in a Brownian Model of Accumulation, see Part A [2001] and Part B  [2014]; a further Part D, dealing with the effects of perturbations of the Brownian model, is in preparation....
Discussion Papers
Nov 2014
DP 25
In Part A of the present study, subtitled 'The Consumption Function as Solution of a Boundary Value Problem' Discussion Paper No. TE/96/297, STICERD, London School of Economics, we formulated a Brownian model of accumulation and derived...