Engodenous Fluctuations in an OLG Model with Production

We examine the OLG model of Reichlin (1986). By using the Helleman's method (1980), we show that the difference equation of the model can be locally studied from the Feigenbaum equation. We can then explain the existence of endogenous fluctuations acording to the productivity level and the coefficient of risk aversion. These fluctuations take the form of a period doubling bifurcation.

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Year of publication:	1997-10
Authors:	Lasselle, Laurence ; Briec, W
Institutions:	Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF), University of St. Andrews
Subject:	risk aversion \| Feigenbaum equation \| two-dimensional maps \| renormalization

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Series:	CRIEFF Discussion Papers.
Type of publication:	Book / Working Paper
Classification:	C60 - Mathematical Methods and Programming. General ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005536805