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 under flexible wage negotiation and capital accumulation
Renewable resources in an overlapping generations economy without capital
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