Narrow search
Showing 1 - 10 of 195,342
Cover Image
Tindeterminacy and Cycles in Two-Sector Discrete-Time Models.
Benhabib, J.; Nishimura, K.; Venditti, A. - Groupement de Recherche en Économie Quantitative … - 1999
We consider a discrete-time two-sector Cobb-Douglas economy with positive sector specific external effects. We show that indetermincay of steady states and cycles can easily arise with constant or decreasing social returns to scale, and very small market imperfections. This is in sharp contrast...
Persistent link: https://www.econbiz.de/10005256035
Cover Image
QUEST II. A Multy Country Business Cycle and Growth Model
Roeger, W.; Veld, J.I. - Directorate-General Economic and Financial Affairs, … - 1997
QUEST was designed to analyse the economies in the member states of the European Union and their interactions with the rest of the world, especially with the United States and Japan. The focus of the model is oc the transmission of the effects of economic policy both on the domestic and...
Persistent link: https://www.econbiz.de/10005780962
Cover Image
Friedman's Plucking Model of Business Fluctuations : Tests and Estimates of Permanent and Transitory Components.
Kim, C-J; Nelson, C-R - Department of Economics, University of Washington - 1997
More than thirty years ago Milton Friedman proposed a 'plucking' model of business fluctuations in which output cannot exceed a ceiling level, but will, from time to time, be plucked downward by recession. The model implied that business fluctuations are asymmetric, that recessions have only a...
Persistent link: https://www.econbiz.de/10005198636
Cover Image
On Externalities, Indeterminacies and Balanced Growth Paths in a Canonical Model of Capital Accumulation
Drugeon, J-P.; Venditti, A. - Groupement de Recherche en Économie Quantitative … - 1996
This article is interested in the scope for indeterminacies that originate from capital stock externalities in the technological set of the reference model of the multisectoral optimal growth literature. Sufficient conditions for local indeterminacies and oscillations are established and rest on...
Persistent link: https://www.econbiz.de/10005634336
Cover Image
Myopic and Perfect Foresight in the OLG Model.
Michel P.; de la Croix, D. - Groupement de Recherche en Économie Quantitative … - 1999
We compare the dunamics under myopic foresight and under perfect foresight in an overlapping generations model with capital accumulation and two-period lived individuals. When the rational dynamics are defined and the myopic dynamics are monotonic, the study of myopic foresight allows to...
Persistent link: https://www.econbiz.de/10005634380
Cover Image
Friedman's Plucking Model of Business Fluctuations : Tests and Estimates of Permanent and Transitory Components.
Kim, C-J; Nelson, C-R - Department of Economics, University of Washington - 1997
More than thirty years ago Milton Friedman proposed a 'plucking' model of business fluctuations in which output cannot exceed a ceiling level, but will, from time to time, be plucked downward by recession. The model implied that business fluctuations are asymmetric, that recessions have only a...
Persistent link: https://www.econbiz.de/10005474575
Cover Image
Endogenous Growth and Fluctuations in an Economy with a Housing Sector.
Brito, P.M.B.; Pereira, A.M. - Groupement de Recherche en Économie Quantitative … - 1999
In this ppaer we extend the Uzawa-Lucas endogenous growth model by including housing along three directions: as a households' provider of services and application for savings, as a productive sector (construction), and as an input in education and training activities. The consequences of this...
Persistent link: https://www.econbiz.de/10005479036
Cover Image
Innovation, growth and welfare-improving cycles
Francois, P.; Shi, S. - Tilburg University, Center for Economic Research - 1999
Persistent link: https://www.econbiz.de/10011091677
Cover Image
Fiscal Policy in a Stochastic Model of Endogenous Growth
Canton, E.J.F. - Tilburg University, Center for Economic Research - 1997
It is nowadays widely believed that public schooling may contribute favourably to long-term economic growth. The income tax rates that are needed to finance government spending typically show an erratic time pattern. Such tax randomness could increase the intensity of the business cycle. Thus,...
Persistent link: https://www.econbiz.de/10011092367
Cover Image
National Debt Sustainability and the Dynamics in the Economy of Diamond
de la Croix, David; Michel, Philippe - Institut de Recherche Économique et Sociale (IRES), … - 1999
We analyze the effect of a constant debt policy on capital accumulation and provide an in-depth treatment of the … dynamics in the economy of Diamond. We derive the conditions for avoiding a debt crisis in both the short-run and the long …-run and provide geometrical tools to analyze the issue of sustainability. There is always a level of debt ensuring that any …
Persistent link: https://www.econbiz.de/10004985187