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Determinacy Through Intertemporal Capital Adjustment Costs
Herrendorf, Berthold; Valentinyi, Akos - 2002
state is determinate for all empirically plausible parameter values. We also find that determinacy occurs for a much larger …
Persistent link: https://www.econbiz.de/10010494282
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Neoclassical Growth Model with Externalities
Herrendorf, Berthold; Valentinyi, Akos - 2002
numerically that capital adjustment costs of plausible size imply determinacy nearby the steady state for empirically plausible …
Persistent link: https://www.econbiz.de/10010494284
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Determinacy with Capital Adjustment - Costs and Sector-Specific Externalities
Herrendorf, Berthold; Valentinyi, Akos - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2000
This paper explores the stability properties of the steady state in the standard two-sector real business cycle model with a sector-specific externality in the capital-producing sector. When the steady state is stable then equilibrium is indeterminate and stable sunspots are possible. We find...
Persistent link: https://www.econbiz.de/10005404560
Cover Image
Determinacy Through Intertemporal Capital Adjustment Costs
Herrendorf, Berthold; Valentinyi, Akos - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2002
state is determinate for all empirically plausible parameter values. We also find that determinacy occurs for a much larger …
Persistent link: https://www.econbiz.de/10005590056
Cover Image
Neoclassical Growth Model with Externalities
Herrendorf, Berthold; Valentinyi, Akos - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2002
numerically that capital adjustment costs of plausible size imply determinacy nearby the steady state for empirically plausible …
Persistent link: https://www.econbiz.de/10005448720