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Oscillations in optimal growth models


  • Medio, Alfredo


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  • Medio, Alfredo, 1987. "Oscillations in optimal growth models," Journal of Economic Dynamics and Control, Elsevier, vol. 11(2), pages 201-206, June.
  • Handle: RePEc:eee:dyncon:v:11:y:1987:i:2:p:201-206

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    References listed on IDEAS

    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
    2. Salmon, Mark H, 1982. "Error Correction Mechanisms," Economic Journal, Royal Economic Society, vol. 92(367), pages 615-629, September.
    3. Granger, C. W. J., 1981. "Some properties of time series data and their use in econometric model specification," Journal of Econometrics, Elsevier, vol. 16(1), pages 121-130, May.
    4. Campbell, John Y, 1987. "Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis," Econometrica, Econometric Society, vol. 55(6), pages 1249-1273, November.
    5. De Bondt, Werner F M & Thaler, Richard, 1985. " Does the Stock Market Overreact?," Journal of Finance, American Finance Association, vol. 40(3), pages 793-805, July.
    6. Marsh, Terry A & Merton, Robert C, 1987. "Dividend Behavior for the Aggregate Stock Market," The Journal of Business, University of Chicago Press, vol. 60(1), pages 1-40, January.
    7. Black, Fischer, 1986. " Noise," Journal of Finance, American Finance Association, vol. 41(3), pages 529-543, July.
    8. Davidson, James E H, et al, 1978. "Econometric Modelling of the Aggregate Time-Series Relationship between Consumers' Expenditure and Income in the United Kingdom," Economic Journal, Royal Economic Society, vol. 88(352), pages 661-692, December.
    9. Flavin, Marjorie A, 1981. "The Adjustment of Consumption to Changing Expectations about Future Income," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 974-1009, October.
    10. Kleidon, Allan W, 1986. "Variance Bounds Tests and Stock Price Valuation Models," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 953-1001, October.
    11. Nickell, Stephen, 1985. "Error Correction, Partial Adjustment and All That: An Expository Note," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 47(2), pages 119-129, May.
    12. Poterba, James M. & Summers, Lawrence H., 1988. "Mean reversion in stock prices : Evidence and Implications," Journal of Financial Economics, Elsevier, vol. 22(1), pages 27-59, October.
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    Cited by:

    1. Venditti, Alain, 1997. "Strong Concavity Properties of Indirect Utility Functions in Multisector Optimal Growth Models," Journal of Economic Theory, Elsevier, vol. 74(2), pages 349-367, June.
    2. Frédéric Lordon, 1991. "Théorie de la croissance : quelques développements récents [Première partie : la croissance récente]," Revue de l'OFCE, Programme National Persée, vol. 36(1), pages 157-211.
    3. Nijkamp, P. & Reggiani, A., 1986. "Analysis of dynamic spatial interaction models by means of optimal control," Serie Research Memoranda 0051, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    4. Rodriguez, Alvaro, 2004. "On the local stability of the solution to optimal control problems," Journal of Economic Dynamics and Control, Elsevier, vol. 28(12), pages 2475-2484, December.
    5. Montrucchio, Luigi, 1995. "A turnpike theorem for continuous-time optimal-control models," Journal of Economic Dynamics and Control, Elsevier, vol. 19(3), pages 599-619, April.
    6. Gong Guan & Heng-fu Zou, 2000. "Power Dynamics: Multiple Equilibria, Cyclical Fluctuations, and Local Stability in Intertemporal General Equilibrium Models," CEMA Working Papers 525, China Economics and Management Academy, Central University of Finance and Economics.
    7. Wolff, Reiner, 1997. "Saddle-point dynamics in non-autonomous models of multisector growth with variable returns to scale," Journal of Mathematical Economics, Elsevier, vol. 27(3), pages 267-282, April.
    8. Ramón Fernández Lechón & Mª Dolores Soto Torres, 1994. "Política periódica en un modelo publicitario de control óptimo, con dos variables de estado y costes de ajuste," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 2, pages 29-51, Diciembre.
    9. Engelbert Dockner & Gustav Feichtinger, 1991. "On the optimality of limit cycles in dynamic economic systems," Journal of Economics, Springer, vol. 53(1), pages 31-50, February.

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