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Endogenous income taxes in OLG economies: A clarification

Chen, Yan; Zhang, Yan - Volkswirtschaftliche Fakultät, … - 2009

with the previous result that the existence of endogenous labor income taxes raises the possibility of local indeterminacy … consumption--to--wage ratio associated with local indeterminacy, because of two conflicting effects on savings that operate …

Persistent link: https://www.econbiz.de/10004976966

Multiple Solutions in Systems of Functional Differential Equations

d'Albis, Hippolyte; Augeraud-Véron, Emmanuelle; … - Volkswirtschaftliche Fakultät, … - 2014

This paper proposes conditions for the existence and uniqueness of solutions to systems of linear differential or algebraic equations with delays or advances, in which some variables may be non-predetermined. These conditions represent the counterpart to the Blanchard and Kahn conditions for the...

Persistent link: https://www.econbiz.de/10011107980

Physics Laws of Social Science

Wayne, James J. - Volkswirtschaftliche Fakultät, … - 2013

Economics, and other fields of social science are often criticized as unscientific for their apparent failures to formulate universal laws governing human societies. Whether economics is truly a science is one of the oldest questions. This paper attempts to create such universal laws, and...

Persistent link: https://www.econbiz.de/10011109601

Monopolistic competition, indeterminacy and growth

Benhabib, Jess; Perli, Roberto; Xie, Danyang - Volkswirtschaftliche Fakultät, … - 1994

for human capital, the issue of global as opposed to local indeterminacy arises: this refers to situations when there …

Persistent link: https://www.econbiz.de/10011109934

Indeterminacy in a monetary economy with heterogeneous agents

Hori, Katsuhiko - Volkswirtschaftliche Fakultät, … - 2007

In this study, we discuss a connection between heterogeneity of agents and indeterminacy of equilibria in a standard … money-in-the-utility function model. Contrary to ealier studies, which mainly concern indeterminacy in connection with … monetary policy or preferences of a single agent, we emphasize the role of heterogeneity of agents in indeterminacy. …

Persistent link: https://www.econbiz.de/10011111032

Some Mathematical Properties of the Dynamically Inconsistent Bellman Equation: A Note on the Two-sided Altruism Dynamics

Aoki, Takaaki - Volkswirtschaftliche Fakultät, … - 2013

(indeterminacy of self-consistent policy functions). …

Persistent link: https://www.econbiz.de/10011111557

Progressive income taxes and macroeconomic instability

Ismael, Mohanad - Volkswirtschaftliche Fakultät, … - 2011

factor in the sense that a higher progressivity makes the emergence of indeterminacy and endogenous fluctuations more likely …

Persistent link: https://www.econbiz.de/10011111994

Increasing returns in matching and labour market dynamics: Comments on indeterminacy and search theory

Guerrazzi, Marco - Volkswirtschaftliche Fakultät, … - 2015

In this note I discuss the condition for indeterminacy in the context of search models with increasing returns in the …

Persistent link: https://www.econbiz.de/10011157018

Bounded Interest Rate Feedback Rules in Continuous-Time

d'Albis, Hippolyte; Augeraud-Véron, Emmanuelle; … - Volkswirtschaftliche Fakultät, … - 2013

This paper analyses the dynamic consequences of interest rate feedback rules in a flexible-price model where money enters the utility function. Two alternative rules are considered based on past or predicted inflation rates. The main feature is to consider inflation rates that are selected over...

Persistent link: https://www.econbiz.de/10011258489

A finite set of equilibria for the indeterminacy of linear rational expectations models

Jean-Bernard, Chatelain; Kirsten, Ralf - Volkswirtschaftliche Fakultät, … - 2014

This paper demonstates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …

Persistent link: https://www.econbiz.de/10011112237