Iong, Ka-Kit; Irmen, Andreas - 2021
growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart … may fluctuate between two growth regimes, one with and the other without an active research sector. Fluctuations affect … fluctuations between growth regimes is linked to the intergenerational trade of shares and their pricing in the asset market. …