Add to ORKGIt is by now well known that, in the presence of even mild imperfections, the standard infinite horizon model of the macroeconomy often supports an indeterminate set of equilibria. This paper shows that the assumption of maximizing individuals, if used consistently, provides an endogenous equilibrium selection mechanism
In the framework of a one-sector exogenous growth model we show that consumption externalities are n...
The paper presents a human capital driven endogenous growth model which, in general, permits a multi...
We present a survey of the main conditions for the occurrence of indeterminacy in discrete-time infi...
It is by now well known that, in the presence of even mild imperfections, the standard infinite ho...
The dynamics of a growth model with externalities and increasing returns is analysed. It is prove...
The authors analyze an endogenous growth model with economy-wide increasing returns, in which a publ...
In light of recent development in endogenous growth models, this dissertation advocates an infinite ...
In this paper we analyse the dynamics of both Romer's original model of endogenous growth and of a m...
We apply the stochastic evolutionary approach of equilibrium selection tomacroeconomic models in whi...
This paper shows that multiple and globally indeterminate long-run growth rates can easily arise in ...
This paper studies the equilibrium dynamics and indeterminacy of equilibria in an endogenous growth ...
This study analyses the dynamics of a two-dimensional overlapping generations economy with endogenou...
We introduce endogenous probability of survival in the Keynes-Ramsey optimal growth model. An indivi...
The recent literature has stressed that externalities, however small, may lead to indeterminacy and ...
This paper explores the effect of consumption externalities on equilibrium dy-namics of a standard n...
In the framework of a one-sector exogenous growth model we show that consumption externalities are n...
The paper presents a human capital driven endogenous growth model which, in general, permits a multi...
We present a survey of the main conditions for the occurrence of indeterminacy in discrete-time infi...
It is by now well known that, in the presence of even mild imperfections, the standard infinite ho...
The dynamics of a growth model with externalities and increasing returns is analysed. It is prove...
The authors analyze an endogenous growth model with economy-wide increasing returns, in which a publ...
In light of recent development in endogenous growth models, this dissertation advocates an infinite ...
In this paper we analyse the dynamics of both Romer's original model of endogenous growth and of a m...
We apply the stochastic evolutionary approach of equilibrium selection tomacroeconomic models in whi...
This paper shows that multiple and globally indeterminate long-run growth rates can easily arise in ...
This paper studies the equilibrium dynamics and indeterminacy of equilibria in an endogenous growth ...
This study analyses the dynamics of a two-dimensional overlapping generations economy with endogenou...
We introduce endogenous probability of survival in the Keynes-Ramsey optimal growth model. An indivi...
The recent literature has stressed that externalities, however small, may lead to indeterminacy and ...
This paper explores the effect of consumption externalities on equilibrium dy-namics of a standard n...
In the framework of a one-sector exogenous growth model we show that consumption externalities are n...
The paper presents a human capital driven endogenous growth model which, in general, permits a multi...
We present a survey of the main conditions for the occurrence of indeterminacy in discrete-time infi...