Narrow search
Showing 1 - 10 of 1,817
Cover Image
Growth dynamics, multiple equilibria, and local indeterminacy in an endogenous growth model of money, banking and inflation targeting
Gupta, Rangan; Makena, Philton - In: Economies : open access journal 8 (2020) 1/22, pp. 1-14
We develop an overlapping generations monetary endogenous growth (generated by productive public expenditures) model with inflation targeting, characterized by relocation shocks for young agents, which in turn generates a role for money (even in the presence of the return-dominating physical...
Persistent link: https://www.econbiz.de/10012237479
Cover Image
Robustly optimal monetary policy with near-rational expectations
Woodford, Michael - In: The American economic review 100 (2010) 1, pp. 274-303
Persistent link: https://www.econbiz.de/10008729179
Cover Image
Testing the balanced growth hypothesis in the presence of structural breaks : evidence from developed and developing countries
Arjun; Mishra, Bibhuti Ranjan - In: Prague economic papers : a bimonthly journal of … 33 (2024) 1, pp. 1-35
The balanced growth theory and the neoclassical growth model predict that certain macroeconomic variables such as output, consumption, and investment grow at a constant rate. Analytically, it indicates that the consumption-output ratio and the investment-output ratio (termed "great ratios") must...
Persistent link: https://www.econbiz.de/10014516266
Cover Image
Indeterminate equilibrium growth with product and R&D spillovers
Park, Hyun - In: Economic modelling 86 (2020), pp. 286-298
Persistent link: https://www.econbiz.de/10012415778
Cover Image
Land-constrained growth in a developing economy : a Kaldorian perspective
Gupta, Isha - In: PSL quarterly review 75 (2022) 302, pp. 263-284
The paper develops a two-sector model of economic growth, using agriculture and industry. The distinguishing feature in this analysis is that land is an essential input in the agricultural sector, but it is also used in the production process of industrial sector, which is assumed to be...
Persistent link: https://www.econbiz.de/10014230838
Cover Image
On the complex dynamics of a bounded rational monopolist model
Sarafopoulos, Georges - In: International journal of business and economic sciences … 8 (2015) 1, pp. 113-120
Purpose - The main purpose of this paper is to investigate the dynamic behavior of a bounded rational monopolist with a general nonlinear demand and quadratic cost functions reflecting diseconomies of scales. Design/methodology/approach - We suppose that locally the monopoly firm uses a gradient...
Persistent link: https://www.econbiz.de/10011376863
Cover Image
Designing stable mechanisms for economic environments
Healy, Paul J.; Mathevet, Laurent - In: Theoretical economics : TE ; an open access journal in … 7 (2012) 3, pp. 609-661
dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in … stability while gaining budget balance out of equilibrium. …
Persistent link: https://www.econbiz.de/10011689095
Cover Image
Stochastic stability in monotone economies
Kamihigashi, Takashi; Stachurski, John - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 2, pp. 383-407
This paper extends a family of well-known stability theorems for monotone economies to a significantly larger class of … models. We provide a set of general conditions for existence, uniqueness and stability of stationary distributions when … monotonicity holds. The conditions in our main result are both necessary and sufficient for global stability of monotone economies …
Persistent link: https://www.econbiz.de/10011674585
Cover Image
Inflation and economic growth : a review of the international literature
Akinsola, Foluso A.; Odhiambo, Nicholas M. - In: Comparative economic research : Central and Eastern Europe 20 (2017) 3, pp. 41-56
This paper surveys the existing literature on the relationship between inflation and economic growth in developed and developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on economic growth varies from country to country and...
Persistent link: https://www.econbiz.de/10011875376
Cover Image
Liquidity risk and banks' asset composition : implications for monetary policy
Ghossoub, Edgar - In: Southern economic journal 77 (2010) 2, pp. 465-481
Persistent link: https://www.econbiz.de/10008735701