Endowments, stability, and fluctuations in OG models

In the present paper we consider a stationary overlapping-generations model with many commodities and many different consumers and investigate how the distribution of endowments influences the dynamical properties of the model such as stability of steady states and existence of cycles. Our main resu...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of economic dynamics & control 1995-04, Vol.19 (3), p.621-653
Hauptverfasser:	Ghiglino, Christian, Tvede, Mich
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycles Dynamic models Economic fluctuations Economic models Economic stability Economic theory Endowment Equilibrium Fluctuations Income distribution Overlapping-generations models Stability Steady states Studies Utility functions
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!