𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Liquidity constraint, increasing returns and endogenous fluctuations

✍ Scribed by S. Bosi; F. Magris

Book ID
112264743
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
154 KB
Volume
54
Category
Article
ISSN
1090-9443

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Endogenous fluctuations in an open econo
Endogenous fluctuations in an open economy with increasing returns to scale
✍ Marta Aloi; Huw D. Dixon; Teresa Lloyd-Braga πŸ“‚ Article πŸ“… 2000 πŸ› Elsevier Science 🌐 English βš– 272 KB

In this paper we study the e!ects of opening an economy, with increasing returns in the production of nontraded goods, on the existence of multiple Pareto-ranked stationary equilibria, local indeterminacy and bifurcations. We consider a standard overlapping generation model of a small open economy,