The Influence of the Stock Market on Economic Dynamics in the Overlapping Generations Model
AbstractThe article considers a simple overlapping generations model. The authors show that the existence of the stock market (which at the first stage of its evolution may be modeled as an increase in the number of firms in the economy) contributes to the reduction of volatility of economic growth.
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Bibliographic InfoArticle provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal Voprosy Economiki.
Volume (Year): 4 (2007)
Issue (Month): ()
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Web page: http://www.vopreco.ru/eng/year.html
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