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On local indeterminacy and endogenous cycles in Ramsey models with heterogeneous households

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Listed:
  • Stefano Bosi

    ()

  • Thomas Seegmuller

    ()

Abstract

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Suggested Citation

  • Stefano Bosi & Thomas Seegmuller, 2009. "On local indeterminacy and endogenous cycles in Ramsey models with heterogeneous households," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 8(1), pages 53-58, April.
  • Handle: RePEc:spr:portec:v:8:y:2009:i:1:p:53-58
    DOI: 10.1007/s10258-009-0039-7
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    File URL: http://hdl.handle.net/10.1007/s10258-009-0039-7
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    References listed on IDEAS

    as
    1. 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.
    2. N. Gregory Mankiw, 2000. "The Savers-Spenders Theory of Fiscal Policy," American Economic Review, American Economic Association, vol. 90(2), pages 120-125, May.
    3. Becker, Robert A. & Foias, Ciprian, 1987. "A characterization of Ramsey equilibrium," Journal of Economic Theory, Elsevier, vol. 41(1), pages 173-184, February.
    4. Michel, Philippe & Pestieau, Pierre, 1999. " Fiscal Policy When Individuals Differ With Regard to Altruism and Labor Supply," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 1(2), pages 187-203.
    5. Becker, Robert A & Foias, Ciprian, 1994. "The Local Bifurcation of Ramsey Equilibrium," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(5), pages 719-744, August.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Endogenous cycles; Local indeterminacy; Heterogeneous agents; Borrowing constraint; Endogenous labor supply; Progressive taxation; C62; E32; H20;

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General

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