Narrow search
Showing 1 - 10 of 2,710
Cover Image
Aggregate Stability and Balanced-Budget Rules
Ghilardi, Matteo; Rossi, Raffaele - International Monetary Fund (IMF) - 2014
model may exhibit indeterminacy and sunspot fluctuations when income tax rates are determined by a balanced-budget rule … labour and capital below unity. We show that compared to the Cobb-Douglas case, the likelihood of indeterminacy under a …
Persistent link: https://www.econbiz.de/10010790380
Cover Image
Variety matters
Pavlov, Oscar; Weder, Mark - In: Journal of economic dynamics & control 36 (2012) 4, pp. 629-641
Persistent link: https://www.econbiz.de/10009554330
Cover Image
Economies of scale in banking, confidence shocks, and business cycles
Dressler, Scott J.; Kersting, Erasmus K. - In: Macroeconomic dynamics 18 (2014) 5, pp. 1069-1090
Persistent link: https://www.econbiz.de/10010467321
Cover Image
Do habits generate endogenous fluctuations in a growing economy?
Park, Hyun - In: International review of economics & finance : IREF 27 (2013), pp. 54-68
Persistent link: https://www.econbiz.de/10009740870
Cover Image
Product scope and endogenous fluctuations
Pavlov, Oscar; Weder, Mark - In: Review of economic dynamics 24 (2017), pp. 175-191
Persistent link: https://www.econbiz.de/10011847200
Cover Image
Indeterminacy, capital maintenance expenditures and the business cycle
Jiang, Dou - In: Economic modelling 61 (2017), pp. 432-438
Persistent link: https://www.econbiz.de/10011737010
Cover Image
Indeterminacy in a small open economy with endogenous labor supply
Meng, Qinglai; Velasco, Andrés - In: Economic Theory 22 (2003) 3, pp. 661-669
We establish conditions under which indeterminacy can occur in a small open economy business cycle model with … endogenous labor supply. Indeterminacy requires small externalities in technologies with social constant returns to scale …
Persistent link: https://www.econbiz.de/10005370678
Cover Image
Multi-product firms and increasing marginal costs
Pavlov, Oscar - In: Journal of economic dynamics & control 133 (2021), pp. 1-18
Persistent link: https://www.econbiz.de/10014535144
Cover Image
Do habits generate endogenous fluctuations in a growing economy?
Park, Hyun - In: International Review of Economics & Finance 27 (2013) C, pp. 54-68
. Indeterminacy also emerges in the socially efficient second-best allocation even when the government intends to internalize habit …
Persistent link: https://www.econbiz.de/10010664340
Cover Image
Variety Matters
Pavlov, Oscar; Weder, Mark - Centre for Dynamic Macroeconomic Analysis, University … - 2011
Countercyclical markups are a key transmission mechanism in many endogenous business cycle models. Yet, recent findings suggest that aggregate markups in the US are procyclical. The current model addresses this issue. It extends Gall's (1994) composition of aggregate demand model by endogenous...
Persistent link: https://www.econbiz.de/10009019476