Similar Search Results

Asymmetric Factor Substitutability and Indeterminacy

Nishimura, Kazuo; Venditti, Alain - In: Journal of Economics 83 (2004) 2, pp. 125-150

Persistent link: https://www.econbiz.de/10010863096

Can consumption habit spillovers be a source of equilibrium indeterminacy?

Chen, Been-Lon; Hsu, Yu-Shan; Mino, Kazuo - In: Journal of Economics 109 (2013) 3, pp. 245-269

This paper investigates whether the external consumption habit can be a source of indeterminacy in a one-sector growth … substitution, we find that the model exhibits indeterminacy if the coefficient of the habit formation is sufficiently large that … allows for a substantial impact of current consumption on the habit. Indeterminacy arises even though the elasticity of the …

Persistent link: https://www.econbiz.de/10010987602

Optimal taxation in the Uzawa–Lucas model with externality in human capital

Gorostiaga, Arantza; Hromcová, Jana; López-García, … - In: Journal of Economics 108 (2013) 2, pp. 111-129

In this paper we study the optimal policy in the Uzawa–Lucas model with externality in human capital when agents value both consumption and leisure. We find that the government pursuing the first best can achieve its goal by a subsidy which depends on foregone earnings while studying and which...

Persistent link: https://www.econbiz.de/10010987613

Indeterminacy and nonlinear dynamics in an OLG growth model with endogenous labour supply and inherited tastes

Gori, Luca; Sodini, Mauro - In: Decisions in Economics and Finance 37 (2014) 1, pp. 159-179

/or global indeterminacy, emerge depending on the relative importance of aspirations in utility. Copyright Springer-Verlag Italia …

Persistent link: https://www.econbiz.de/10010993496

Tackling indeterminacy in overlapping generations models

Feng, Zhigang - In: Computational Statistics 77 (2013) 3, pp. 445-457

indeterminacy in overlapping generations models by computing the set of all equilibria. I also provide a procedure to simulate the …

Persistent link: https://www.econbiz.de/10010847918

Stable Sunspot Equilibria in a Cash-in-Advance Economy

Evans, George W.; Honkapohja, Seppo; Marimon, Ramon - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We analyze a monetary model with flexible labor supply, cash-inadvance constraints and seigniorage-financed government deficits. If the intertemporal elasticity of substitution of labor is greater than one, there are two steady states, one determinate and the other indeterminate. If the...

Persistent link: https://www.econbiz.de/10010851434

Indeterminacy in a Dynamic Small Open Economy with International Migration

Parello, Carmelo Pierpaolo - Dipartimento di Economia e Diritto, Facoltà di Economia - 2012

imperfect capital markets and show that local indeterminacy always arises independently of the capital market regime. Also, we …

Persistent link: https://www.econbiz.de/10010856900

A Tradable Permit System in an Intertemporal Economy

Akao, Ken-Ichi; Managi, Shunsuke - In: Environmental & Resource Economics 55 (2013) 3, pp. 309-336

that this approach raises the problem of indeterminacy of the equilibrium. Copyright Springer Science+Business Media …

Persistent link: https://www.econbiz.de/10010862774

The Equilibrium Dynamics of Economic Epidemiology

Aadland, David; Finnoff, David; Huang, Kevin x.d. - Vanderbilt University Department of Economics - 2013

mathematical epidemiological models, economic epidemiological models can produce regions of indeterminacy or instability around the …

Persistent link: https://www.econbiz.de/10010875560

Openness and the (inverted) aggregate demand logic

Boerma, Job - de Nederlandsche Bank - 2014

I build a small open economy version of the Calvo-type staggered price-setting model with limited asset market participation, and I show that the inverted aggregate demand logic is less likely to apply to small open economies. The equilibrium dynamics of the model are reduced to a representation...

Persistent link: https://www.econbiz.de/10010885308

1
2
3
4
5
6
7
8
9
10
Next
Last