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Preferences, endogenous discount rate, and indeterminacy in a small open economy model

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  • Bian, Yong
  • Meng, Qinglai
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    File URL: http://www.sciencedirect.com/science/article/B6V84-4CF18G7-3/2/5b305ac8633fd7f58a479855cba830f4
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    Bibliographic Info

    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 84 (2004)
    Issue (Month): 3 (September)
    Pages: 315-322

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    Handle: RePEc:eee:ecolet:v:84:y:2004:i:3:p:315-322

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    1. Jess Benhabib & Roger E.A. Farmer, 1992. "Indeterminacy and Increasing Returns," UCLA Economics Working Papers 646, UCLA Department of Economics.
    2. Benhabib, Jess & Nishimura, Kazuo, 1998. "Indeterminacy and Sunspots with Constant Returns," Journal of Economic Theory, Elsevier, vol. 81(1), pages 58-96, July.
    3. Weder, Mark, 2000. "Indeterminacy in a Small Open Economy Ramsey Growth Model," CEPR Discussion Papers 2585, C.E.P.R. Discussion Papers.
    4. Stephanie Schmitt-Grohe & Martin Uribe, 2002. "Closing Small Open Economy Models," NBER Working Papers 9270, National Bureau of Economic Research, Inc.
    5. Cochrane, John H. & Campbell, John, 1999. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior," Scholarly Articles 3119444, Harvard University Department of Economics.
    6. Benhabib, Jess & Farmer, Roger E.A., 1999. "Indeterminacy and sunspots in macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 6, pages 387-448 Elsevier.
    7. Shouyong Shi, 1999. "Fashion and wealth accumulation," Economic Theory, Springer, vol. 14(2), pages 439-461.
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    Cited by:
    1. Yunfang Hu & Kazuo Mino, 2013. "Trade Structure and Belief-Driven Fluctuations in a Global Economy," KIER Working Papers 841, Kyoto University, Institute of Economic Research.
    2. Zhang, Yan, 2008. "Does the utility function form matter for indeterminacy in a two sector small open economy?," MPRA Paper 10045, University Library of Munich, Germany.
    3. Aguiar-Conraria, Luís & Wen, Yi, 2012. "OPEC's oil exporting strategy and macroeconomic (in)stability," Energy Economics, Elsevier, vol. 34(1), pages 132-136.
    4. Taketo Kawagishi, 2012. "Investment for Patience in an Endogenous Growth Model," KIER Working Papers 814, Kyoto University, Institute of Economic Research.
    5. Yunfang Hu & Kazuo Mino, 2009. "Financial Integration and Aggregate Stability," Discussion Papers in Economics and Business 09-01, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    6. Yunfang Hu & Kazuo Mino, 2011. "Globalization and Volatility under Alternative Trade Structures," KIER Working Papers 791, Kyoto University, Institute of Economic Research.
    7. Choi, Horag & Mark, Nelson C. & Sul, Donggyu, 2008. "Endogenous discounting, the world saving glut and the U.S. current account," Journal of International Economics, Elsevier, vol. 75(1), pages 30-53, May.
    8. Mauro Sodini, 2011. "Local and Global Dynamics in an Overlapping Generations Model with Endogenous Time Discounting," Computational Economics, Society for Computational Economics, vol. 38(3), pages 277-293, October.
    9. Chen, Been-Lon & Hsu, Mei, 2009. "Consumption externality, efficiency and optimal taxation in one-sector growth model," Economic Modelling, Elsevier, vol. 26(6), pages 1328-1334, November.

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