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Endogenous Time Preference, Inflation, and Capital Accumulation

โœ Scribed by Liutang Gong


Publisher
Springer Vienna
Year
2006
Tongue
English
Weight
283 KB
Volume
87
Category
Article
ISSN
1617-7134

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In this paper we attempt to explain the occurrence of population cycles in industrialised economies where the birth rate depends on the difference between the actual and the expected consumption rate. This model of an endogenously growing population brings together Easterlin's idea of an adapting as