This paper investigates the global dynamics of a two-dimensional Diamond-type overlapping generations model extended to allow for government intervention. Using a singular perturbation method, we identify conditions under which transverse homoclinic points to the golden rule steady state are generat
β¦ LIBER β¦
A characterization of erratic dynamics in, the overlapping generations model
β Scribed by Jess Benhabib; Richard H. Day
- Publisher
- Elsevier Science
- Year
- 1982
- Tongue
- English
- Weight
- 993 KB
- Volume
- 4
- Category
- Article
- ISSN
- 0165-1889
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