Does dynamic efficiency rule out sunspot fluctuations ?

The aim of this paper is to discuss the role of the elasticity of capital-labor substitution on the local determinacy properties of the steady state in a two-sector economywith CES technologies and sector-specific externalities

MoreLess

Year of publication:	2006
Authors:	Drugeon, Jean-Pierre ; Nourry, Carine ; Venditti, Alain
Institutions:	HAL
Subject:	Two-sector OLG model \| dynamic efficiency \| local determinacy

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00410787
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010751027