Real Wicksell effect, demand for capital and stability

The aim of this paper is to study the relationship between reverse capital deepening and instability of the equilibrium between investments and savings. It is shown for a model with n commodities, infinitely many linear technique of production, and overlapping generation that a badly-behaved real Wicksell effect, as in the case of a “reswitching of techniques”, can involve instability.

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Year of publication:	2012-09
Authors:	Fratini, Saverio M.
Institutions:	Dipartimento di Economia, Università degli Studi di Roma 3
Subject:	investments \| savings \| interest rate \| equilibrium stability \| reswitching

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Series:	Departmental Working Papers of Economics - University 'Roma Tre'.
Type of publication:	Book / Working Paper
Notes:	Number 0162
Classification:	B51 - Socialist; Marxian; Sraffian ; D33 - Factor Income Distribution ; D50 - General Equilibrium and Disequilibrium. General ; D90 - Intertemporal Choice and Growth. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010570287