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Stable balanced expansion in homogeneous dynamic models
Böhm, Volker - 2019 - Version: June 4, 2019
This paper examines the stability of balanced paths of expansion or contraction in closed macroeconomic models as … discussed. The appendix presents the mathematical tools and concepts to prove the stability of expanding/contracting paths in … international trade, or monetary macro, conditions of existence and stability are obtained applying the features of the non …
Persistent link: https://www.econbiz.de/10012011755
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The dynamics of balanced expansion in monetary economies with sovereign debt
Böhm, Volker - 2018
and stability are influenced in a decisive way by fiscal and monetary parameters determining steady state inflation rates …
Persistent link: https://www.econbiz.de/10012042141
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The dynamics of balanced expansion in monetary economies with sovereign debt
Böhm, Volker - 2018 - Version: September 26, 2018
and stability are influenced in a decisive way by fiscal and monetary parameters determining steady state inflation rates …
Persistent link: https://www.econbiz.de/10011903801
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Memory and Asset Pricing Models with Heterogeneous Beliefs
Verbic, Miroslav - Volkswirtschaftliche Fakultät, … - 2006
interested in how memory in the fitness measure affects stability of evolutionary adaptive systems and survival of technical …
Persistent link: https://www.econbiz.de/10005789598
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The Solow-Swan model generalization with non-constant labor growth rate
Přibylová, Lenka - In: Bulletin of the Czech Econometric Society 18 (2011)
Generalization of the neoclassical one-sector Solow-Swan model and its modification of Kaldor-Pasinetti type are introduced. The generalization is due to non-constant labor growth rate. Both continuous-time and discrete-time models are derived. Concrete examples with complex dynamics are...
Persistent link: https://www.econbiz.de/10009643448
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A Two-Sector Growth Model with an Intermediate Product
KUO, CHUN-YAN - Economics Department, Queen's University - 1974
factors are crucial in determining the properties of the model. All the conditions for stability are in fact much weaker than …
Persistent link: https://www.econbiz.de/10004976742
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Intermediate Products and the Two sector Growth Model in an Open economy
KUO, CHUN-YAN - Economics Department, Queen's University - 1977
The paper investigates whether the presence of the intermediate good plays a significant role in the growing economy. It also discusses the patterns of international specialization in relation to relative factor endowments. The paper finds that the factor intensities of final goods sectors in...
Persistent link: https://www.econbiz.de/10004976746
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Stability, Global Dynamics and Markov Equilibrium in Models of Economic Growth
García-Belenguer, Fernando - Departamento de Análisis Económico: Teoría … - 2006
stationary solutions and local stability of equilibria. Taxes on labor and subsidies to education may determine the existence of …
Persistent link: https://www.econbiz.de/10005456417
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Existence, Uniqueness and Stability of Invariant Distributions in Continuous-Time Stochastic Models
Bayer, Christian; Waelde, Klaus - Volkswirtschaftslehre-Lehrstühle, Gutenberg School of … - 2011
We study a dynamic stochastic general equilibrium model in continuous time. Related work has proven that optimal consumption in this model is a smooth function of state variables. This allows us to describe the evolution of optimal state variables (wealth and labour market status) by stochastic...
Persistent link: https://www.econbiz.de/10010615396
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Imperfectly Competitive Business Cycles With Underemployment
Lasselle, Laurence; Svizzero, Serge - Centre for Research into Industry, Enterprise, Finance … - 2000
We investigate how imperfect competition affects the occurence and properties of endogenous business cycles with underemployment in an overlapping generations model. We consider a competitive product market in association with an imperfect labour market. The latter is presented in two variants....
Persistent link: https://www.econbiz.de/10005696996