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. Author manuscript; available in PMC: 2019 Mar 22.
Published in final edited form as: Econ J (London). 2018 May 19;129(617):338–374. doi: 10.1111/ecoj.12577

Table 2.

Sign of the Effect on Co-states qA(0) and qh/a(0) of Perturbations in Initial Conditions

Initial condition x ∂qA(0)/∂x ∂qh/a(0)/∂x
A0 − +
wE − +
E − +
H0 − −

Note: All signs are valid for both fixed T and free T.