Garnier, Jean-Philippe; Nishimura, Kazuo; Venditti, Alain - HAL - 2007
The aim of his paper is to discuss the roles of the elasticity of intertemporal substitution in consumption and the … fluctuations is obtained if and only if the elasticity of intertemporal substitution in consumption is large enough but the … intertemporal substitution in consumption is infinite, labor does not have any influence on the local stability properties of the …