An Intertemporal Model of Saving and Investment

DOI10.2307/1912153zbMath0511.90044OpenAlexW1488475723WikidataQ55982452 ScholiaQ55982452MaRDI QIDQ4750382

Andrew B. Abel, Olivier Blanchard

Publication date: 1983

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://repository.upenn.edu/cgi/viewcontent.cgi?article=1270&context=fnce_papers

zbMATH Keywords

equivalencetemporary equilibriummarket economyoptimal growth modeldynamic effects of fiscal policyinfinitely long-lived consumersvalue-maximizing firms

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (22)

Home production and small open economy business cycles ⋮ On characterizing equilibria of economies with externalities and taxes as solutions to optimization problems ⋮ ANOTHER VIEW OF THE J-CURVE ⋮ Fiscal policy in a simple two-country dynamic model ⋮ The composition of government expenditure and its consequences for macroeconomic performance ⋮ FLEXIBILITY, SECTORAL HYSTERESIS, AND DOWNTURNS ⋮ Consumption tax, seigniorage tax and tax switch in a cash-in-advance economy of endogenous growth ⋮ Labor market search and capital accumulation: Some analytical results ⋮ Trade policy in a growth model with technology gap dynamics and simulations for South Africa ⋮ The effects of taxes and dividend policy on capital accumulation and macroeconomic behavior ⋮ Government spending, endogenous labor, and capital accumulation ⋮ MIT shocks imply market incompleteness ⋮ Equilibrium interest-rate determination under adjustment costs ⋮ Business cycles with distorting taxes and disaggregated capital markets ⋮ Forecasting long-term interest rates with a general-equilibrium model of the Euro area: what role for liquidity services of bonds? ⋮ (In)determinacy, increasing returns, and the optimality of the Friedman rule in an endogenously growing open economy ⋮ Consumption taxation, social status and indeterminacy in models of endogenous growth with elastic labor supply ⋮ Relative wealth, consumption taxation, and economic growth ⋮ New conservation laws in a neoclassical von Neumann model ⋮ Complementarities and costly investment in a growth model ⋮ Wage or price-based inflation? Alternative targets in optimal monetary policy rules ⋮ Functional equivalence between intertemporal and multisectoral investment adjustment costs

This page was built for publication: An Intertemporal Model of Saving and Investment