Does Utility Curvature Matter for Indeterminacy?

Several recent papers have argued that it is more likely for indeterminacy to occur under a high intertemporal elasticity of substitution in consumption. This paper claims that this property does not generally hold in neoclassical growth models. We illustrate this claim by combining the features of those recent papers

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Year of publication:	2005
Authors:	Kim, Jinill
Publisher:	[S.l.] : SSRN
Subject:	Neoklassische Theorie \| Neoclassical economics \| Wachstumstheorie \| Growth theory \| Substitutionselastizität \| Elasticity of substitution \| Nutzentheorie \| Utility theory

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Extent:	1 Online-Ressource (18 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Economic Behavior and Organization
Classification:	E00 - Macroeconomics and Monetary Economics. General ; E32 - Business Fluctuations; Cycles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014060637