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On the existence of nonoptimal equilibria in dynamic stochastic economies

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  • Jeremy Greenwood
  • Gregory W. Huffman

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File URL: http://dallasfed.org/assets/documents/research/papers/1993/wp9330.pdf
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Paper provided by Federal Reserve Bank of Dallas in its series Research Paper with number 9330.

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Date of creation: 1993
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Handle: RePEc:fip:feddrp:9330

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Keywords: Economic development;

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References

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  1. Danthine, J.P. & Donaldson, J.B., 1993. "Computing Equilibria of Non-Optimal Economies," Papers 93-01a, Columbia - Graduate School of Business.
  2. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 94(5), pages 1002-37, October.
  3. Gomme, P., 1993. "Money and Growth Revisited : Measuring the Costs of Inflation in an Endogenous Growth Model," Discussion Papers dp93-03, Department of Economics, Simon Fraser University.
  4. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521266550.
  5. Coleman, Wilbur John, II, 1991. "Equilibrium in a Production Economy with an Income Tax," Econometrica, Econometric Society, Econometric Society, vol. 59(4), pages 1091-1104, July.
  6. Baxter, Marianne, 1991. "Approximating suboptimal dynamic equilibria : An Euler equation approach," Journal of Monetary Economics, Elsevier, Elsevier, vol. 28(2), pages 173-200, October.
  7. Wilbur John Coleman II, 1988. "Money, interest, and capital in a cash-in-advance economy," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 323, Board of Governors of the Federal Reserve System (U.S.).
  8. Greenwood, Jeremy & Hercowitz, Zvi & Huffman, Gregory W, 1988. "Investment, Capacity Utilization, and the Real Business Cycle," American Economic Review, American Economic Association, American Economic Association, vol. 78(3), pages 402-17, June.
  9. Coleman, Wilbur John, II, 1990. "Solving the Stochastic Growth Model by Policy-Function Iteration," Journal of Business & Economic Statistics, American Statistical Association, American Statistical Association, vol. 8(1), pages 27-29, January.
  10. Danthine, Jean-Pierre & Donaldson, John B., 1990. "Efficiency wages and the business cycle puzzle," European Economic Review, Elsevier, Elsevier, vol. 34(7), pages 1275-1301, November.
  11. Hercovitz, Z. & Sampson, M., 1989. "Output Growth, The Real Wage, And Employment Fluctuations," RCER Working Papers 179, University of Rochester - Center for Economic Research (RCER).
  12. Paul Gomme, 1991. "Money and growth revisited," Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis 55, Federal Reserve Bank of Minneapolis.
  13. repec:fth:simfra:93-03 is not listed on IDEAS
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