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Global dynamics in macroeconomics: an overlapping generations example

✍ Scribed by Pere Gomis-Porqueras; Alex Haro

Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
722 KB
Volume
27
Category
Article
ISSN
0165-1889

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πŸ“œ SIMILAR VOLUMES

Chaotic dynamics in a two-dimensional ov
Chaotic dynamics in a two-dimensional overlapping generations model
✍ Masanori Yokoo πŸ“‚ Article πŸ“… 2000 πŸ› Elsevier Science 🌐 English βš– 540 KB

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