Boucekkine, Raouf; Ruiz Tamarit, Ramon - In: Contributions in Macroeconomics 4 (2004) 1
Abstract In this note, we extend Xie (JET, 1994) to solve analytically the Lucas model with a weak externality in a specific parametric case. In particular, we characterize the shape of imbalance effects in this model. Our results are mostly consistent with the findings of the related...