I would like to know if there is an elegant way to develop a model as :
$$ \begin{array}{l} C_t=cY_{t-1}+C_0,\ I_t= I_0 + \gamma (C_t - C_{t-1}), \ Y_t=C_t+I_t \end{array} $$
to obtain a resursive equation in $Y_t$ which can be put in a natural format to be solved by rsolve()
. I can do it in a brute force way. The problem is to cope with the time index.