Poverty traps, the money growth rule, and the stage of financial development

DOI10.1016/J.JEDC.2011.03.006MaRDI QIDQ550838zbMATH OpenOpenAlexFDO

Authors Yoichi Gokan

Publication date 13 July 2011

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.2011.03.006

zbMATH Keywords

financial developmentindivisible investmentlocal indeterminacymonetary policymultiple steady statesNeimark-Sacker and saddle-node bifurcationspoverty traps

Mathematics Subject Classification ID

Economic dynamics (91B55) Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Alternative government financing and aggregate fluctuations driven by self-fulfilling expectations
• Capital market imperfections in a monetary growth model
• Dynamic effects of government expenditure in a finance constrained economy
• Financial market frictions, monetary policy, and capital accumulation in a small open economy
• Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations
• Financial markets in development, and the development of financial markets

Cited in

(8)

• Poverty trap, boom and bust periods and growth. A nonlinear model for non-developed and developing countries
• Asset bubbles, credit market imperfections, and technology choice
• The effects of monetary policy at different stages of economic development
• Financial destabilization
• Convergence, financial development, and policy analysis
• A note on the crowd-in effect of asset bubbles in the perpetual youth model
• Financial liberalization: poverty trap or chaos
• The economics of poverty traps. I: Complete markets

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