An Intertemporal Model of Saving and Investment

DOI10.2307/1912153MaRDI QIDQ4750382zbMATH OpenOpenAlexWikidataFDO

Authors 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

dynamic effects of fiscal policyequivalenceinfinitely long-lived consumersmarket economyoptimal growth modeltemporary equilibriumvalue-maximizing firms

Mathematics Subject Classification ID

Economic growth models (91B62)

Cited in

(23)

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

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