Resource title

Cycles and indeterminacy in overlapping generations economies with Stone-Geary preferences

Resource image

image for OpenScout resource :: Cycles and indeterminacy in overlapping generations economies with Stone-Geary preferences

Resource description

We investigate dynamics in an overlapping generations economy with Stone-Geary preferences. We show that a steady state exists, and furthermore and importantly, that there can be a multitude of two cycles even though intertemporal elasticity of substitution in consumption exceeds unity.

Resource author

Erkki Koskela, Mikko Puhakka

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25782

Resource license

Adapt according to the presented license agreement and reference the original author.