Nourry, Carine; Venditti, Alain - In: Macroeconomic Dynamics 16 (2012) S1, pp. 86-102
We consider an overlapping-generations economy with two consumption goods. There are two sectors that produce a pure consumption good and a mixed good that can be either consumed or used as capital. We prove that the existence of Pareto-optimal expectations-driven fluctuations is compatible with...