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 two-sector overlapping generations model with heterogeneous capital
β Scribed by Karl Farmer; Ronald Wendner
- Publisher
- Springer
- Year
- 2003
- Tongue
- English
- Weight
- 185 KB
- Volume
- 22
- Category
- Article
- ISSN
- 0938-2259
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