Aguiar-Conraria, Luís (contributor); Wen, Yi (contributor) - 2005
for indeterminacy. Weder’s
model also requires some form of negative externalities to ensure stability of the steady state …
´
δ
1−s
s
1+γ −β(1−δ)
a
n
1−a
o
(6)
Notice that when λ =1, then det(B)=1/β > 1, indicating saddle-path-stability
as in a …