A Three-Good Overlapping-Generations General Equilibrium Efficient Business Cycle Model
This paper presents an overlapping-generations general equilibrium model of efficient business cycles. It considers three types of goods in an economy: primary goods, intermediate goods and final goods. It shows that complete division of labour with business cycles and unemployment can be the Pareto optimal regime. It also sheds light on the transmission of business cycles between sectors and across economies.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 01 (2006)
Issue (Month): 02 ()
|Contact details of provider:|| Web page: http://www.worldscinet.com/dltc/dltc.shtml|
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:wsi:dltcxx:v:01:y:2006:i:02:p:127-162. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim)
If references are entirely missing, you can add them using this form.