Jaimovich, Nir - In: Journal of Economic Theory 143 (2008) 1, pp. 610-623
This note analyzes how the indeterminacy of competitive equilibrium in one-sector growth models depends on the magnitude of the households' income effect on the demand for leisure. Since I am interested in quantitatively characterizing regions of indeterminacy, I use the Jaimovich and Rebelo [N....