On the Dual Stability of a Von Neumann Facet and the Inefficacy of Temporary Fiscal Policy

DOI10.2307/2998565zbMATH Open1015.91525OpenAlexW2020045893MaRDI QIDQ4531053FDOQ4531053

Authors: Makoto Yano 

Publication date: 29 May 2002

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2998565

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zbMATH Keywords

stabilitydynamic general equilibriumturnpike theoremfiscal policyvon Neumann facet

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cited In (12)

• Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model
• Von Neumann facets and the dynamic stability of perfect foresight equilibrium paths in neo-classical trade models
• Global stability and the ``turnpike in optimal unbounded growth models
• The long-run behavior of consumption and wealth dynamics in complete financial market with heterogeneous investors
• On unbounded growth with heterogeneous consumers
• The failure of stabilization policy: balanced-budget fiscal rules in the presence of incompressible public expenditures
• Optimal policy in OG models
• Inefficacy of temporary policy in Neumeyer-Yano's monetary model
• Temporary transfers in a simple dynamic general equilibrium model
• General existence of competitive equilibrium in the growth model with an endogenous labor-leisure choice
• Necessity of a transversality condition in a firm's intertemporal optimization
• The von Neumann-McKenzie facet and the Jones duality theorem in two-sector optimal growth

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