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A Note on Growth Cycles

Author

Listed:
  • Stefano Bosi

    (EPEE, University of Evry-Val d’Essonne)

  • Matthieu Caillat

    (ENSTA, Paris)

  • Matthieu Lepelley

    (ENSTA, Paris)

Abstract

A constraint of cash-in-advance is introduced in a simple model of endogenous growth with public spending. Under lower intertemporal substitution there is room for transition dynamics and indeterminacy. Deterministic and possibly endogenous growth cycles arise.

Suggested Citation

  • Stefano Bosi & Matthieu Caillat & Matthieu Lepelley, 2000. "A Note on Growth Cycles," Documents de recherche 00-10, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    • Handle: RePEc:eve:wpaper:00-10
    as

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    File URL: https://www.univ-evry.fr/fileadmin/mediatheque/ueve-institutionnel/03_Recherche/laboratoires/Epee/wp/00-10.pdf
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    References listed on IDEAS

    as
    1. Cass, David, 1972. "On capital overaccumulation in the aggregative, neoclassical model of economic growth: A complete characterization," Journal of Economic Theory, Elsevier, vol. 4(2), pages 200-223, April.
    2. Benhabib Jess & Rustichini Aldo, 1994. "Introduction to the Symposium on Growth, Fluctuations, and Sunspots: Confronting the Data," Journal of Economic Theory, Elsevier, vol. 63(1), pages 1-18, June.
    3. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    4. Woodford, Michael, 1986. "Stationary sunspot equilibria in a finance constrained economy," Journal of Economic Theory, Elsevier, vol. 40(1), pages 128-137, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    cash-in-advance; endogenous growth; indeterminacy;
    All these keywords.

    JEL classification:

    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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