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Consumption tax and economic growth in an overlapping generations model with money holdings

โœ Scribed by Akihiko Kaneko; Daisuke Matsuzaki


Publisher
Springer Vienna
Year
2009
Tongue
English
Weight
253 KB
Volume
98
Category
Article
ISSN
1617-7134

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## Abetract-ln this paper, we examine a model of optimal economic growth with infhrite continuous time plannin g horizon, convex technology and an aggregate discounted utility. First, we establish the existence of optimal capital accumulation paths, and then we study their variations as well as th