Showing 211 - 219 of 219
We provide a methodology to study the role of distortions and market failures on endogenous fluctuations. We extend the well-known Woodford (1986) model to account for market distortions, introducing general specifications for three crucial functions: real rental cost of capital, real wage and...
Persistent link: https://www.econbiz.de/10011080934
Imposing some constraints on public debt is often justified regarding sustainability and stability issues. This is especially the case when the ratio of public debt over GDP is restricted to be constant. Using a Ramsey model, we show that such a constraint can however be a fundamental source of...
Persistent link: https://www.econbiz.de/10011096842
We analyze the interplay between longevity, pollution and growth. We develop an OLG model where longevity, pollution and growth are endogenous. The authorities may provide two types of public services, public health and environmental maintenance, that participate to increase agents’ life...
Persistent link: https://www.econbiz.de/10011106558
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This article examines the conditions under which endogenous fluctuations and periodic welfare inequality can emerge in OLG economies having an environmental dimension.
Persistent link: https://www.econbiz.de/10005570139
Nous étudions l'émergence de fluctuations endogènes dans un modèle à générations imbriquées dans lequel les producteurs se livrent une concurrence à la Cournot avec libre entrée. L'économie est caractérisée par un taux de marge variable et des rendements croissants. Nous analysons...
Persistent link: https://www.econbiz.de/10005570170
We address the fundamental issues of existence and efficiency of a Ramsey equilibrium with heterogenous discounting, elastic labor supply and borrowing constraints. In the first part, we prove the equilibrium existence in a truncated bounded economy through a fixed-point argument by Gale and...
Persistent link: https://www.econbiz.de/10010567975
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