A sufficient condition for the existence and the uniqueness of a solution in macroeconomic models with perfect foresight
Article Abstract:
Sufficient local conditions are given for the existence and the uniqueness of the solution of macroeconomic models that satisfies all conditions including convergence. The macroeconomic models with perfect foresight have become easy to simulate due to the recent development of powerful algorithms.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2004
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Stability of equilibria in the overlapping generations model with endogenous labor supply
Article Abstract:
This paper studies how labor supply elasticity under conditions such as in a sink, a saddle point or a source, affects the stability of the steady-state equilibria framework model with productive capital.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2001
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A computational general equilibrium model with vintage capital
Article Abstract:
A vintage capital model assists in describing income distribution during the last three decades in France.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
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