Local determinacy with non-separable utility

DOI10.1016/J.JEDC.2006.01.002MaRDI QIDQ959754zbMATH OpenOpenAlexFDO

Authors Patrick Pintus

Publication date 12 December 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2006.01.002

zbMATH Keywords

indeterminacyreal business cyclesexternalitiessunspotsintertemporal substitutioncapital - labor substitution

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Economic growth models (91B62)

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Cites work

• Capacity utilization under increasing returns to scale
• Comparing four models of aggregate fluctuations due to self-fulfilling expectations
• Indeterminacy and increasing returns
• Indeterminacy with almost constant returns to scale: capital-labor substitution matters
• Indeterminacy with non-separable utility
• On the minimum degree of returns to scale in sunspot models of the business cycle.
• Understanding self-fulfilling rational expectations equilibria in real business cycle models

Cited in

(4)

• Indeterminacy and the elasticity of substitution in one-sector models
• Multiple equilibria in two-sector monetary economies: an interplay between preferences and the timing for money
• Skills, sunspots and cycles
• Indeterminacy and expectation-driven fluctuations with non-separable preferences

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