Arbeitspapier
Cycles and indeterminacy in overlapping generations economies with Stone-Geary preferences
We investigate dynamics in an overlapping generations economy with Stone-Geary preferences. We show that a steady state exists, and furthermore and importantly, that there can be a multitude of two cycles even though intertemporal elasticity of substitution in consumption exceeds unity.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 1737
- Classification
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Business Fluctuations; Cycles
- Event
-
Geistige Schöpfung
- (who)
-
Koskela, Erkki
Puhakka, Mikko
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Koskela, Erkki
- Puhakka, Mikko
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2006
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Stability and dynamics in an overlapping generations economy with flexible wage negotiations
Stability and dynamics in an overlapping generations economy under flexible wage negotiation and capital accumulation
Renewable resources in an overlapping generations economy without capital
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Analysis of labor tax progression under heterogeneous domestic labor markets and flexible outsourcing
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