Temporary Bubbles in an Economy with Under-Accumulation.

This paper studies the equilibrium dynamics of an overlapping generations model with capital, money and cash-in-advance constraints. At each date the economy can experience two different regimes. In the first one the cash-in-advance constraint is binding and money is a dominated asset. In the second one, the constraint is strictly satisfied and money has the same return as capital.

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Year of publication:	2000
Authors:	Michel, P. ; Wigniolle, B.
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	MODELS \| CAPITAL \| MONEY

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	33 pages
Classification:	D9 - Intertemporal Choice and Growth ; E4 - Money and Interest Rates ; G1 - General Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005634065