Can consumption spillovers be a source of equilibrium indeterminacy?

DOI10.1016/J.JEDC.2007.12.001zbMath1181.91164OpenAlexW2151913980MaRDI QIDQ844765

Jaime Alonso-Carrera, Xavier Raurich, Jordi Caballé

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://pareto.uab.es/wp/2005/65705.pdf

zbMATH Keywords

indeterminacylabor supplyconsumption externalities

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (14)

Heterogeneous conformism and wealth distribution in a neoclassical growth model ⋮ Can consumption habit spillovers be a source of equilibrium indeterminacy? ⋮ Admiration is a source of indeterminacy ⋮ Market distortions and local indeterminacy: a general approach ⋮ Local and global bifurcations in an economic growth model with endogenous labour supply and multiplicative external habits ⋮ A new route to the rapid growth of the service sector: rise of the standard of living ⋮ A model of growth with inherited tastes ⋮ Monetary policy, stock prices, and consumption externalities ⋮ Consumption externalities: a representative consumer model when agents are heterogeneous ⋮ Consumption externalities and equilibrium dynamics with heterogeneous agents ⋮ Consumption taxation, social status and indeterminacy in models of endogenous growth with elastic labor supply ⋮ Dynamic effects of consumption externalities ⋮ Indeterminacy and nonlinear dynamics in an OLG growth model with endogenous labour supply and inherited tastes ⋮ Endogenous time preference, consumption externalities, and trade: multiple steady states and indeterminacy

Cites Work

• Indeterminacy and increasing returns
• On the minimum degree of returns to scale in sunspot models of the business cycle.
• Indeterminacy with non-separable utility
• Consumption Externalities, Production Externalities and Indeterminacy

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