Alternative government financing and aggregate fluctuations driven by self-fulfilling expectations

DOI10.1016/J.JEDC.2007.06.012zbMATH Open1181.91194OpenAlexW2074121895MaRDI QIDQ844670FDOQ844670

Authors: Yoichi Gokan 

Publication date: 19 January 2010

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.2007.06.012

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zbMATH Keywords

indeterminacyalternative government expenditure financingincreasing returns-to-scale in productionpatterns of endogenous fluctuations

Mathematics Subject Classification ID

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

Cites Work

• Capacity utilization under increasing returns to scale
• Indeterminacy and increasing returns
• Indeterminacy with non-separable utility
• Sunspots and the business cycle in a finance constrained economy
• Indeterminacy in a small open economy Ramsey growth model
• On the transition from local regular to global irregular fluctuations
• Stationary sunspot equilibria in a finance constrained economy
• Capital-labor substitution and competitive nonlinear endogenous business cycles
• Multiple steady states and endogenous fluctuations with increasing returns to scale in production
• Dynamic effects of government expenditure in a finance constrained economy
• Balanced-budget rules and macroeconomic (in)stability
• Complicated endogenous business cycles under gross substitutability
• Alternative government financing and stochastic endogenous growth.
• Factors substitutability, heterogeneity and endogenous fluctuations in a finance constrained economy
• FISCAL POLICY, INCREASING RETURNS, AND ENDOGENOUS FLUCTUATIONS
• The speed of convergence and alternative government financing

Cited In (9)

• Financing government expenditures in an open economy
• Linearization and higher-order approximations: How good are they? Results from an endogeneous growth model with public capital
• Infrastructure, alternative government finance and stochastic endogenous growth
• The speed of convergence and alternative government financing
• Government financing in an endogenous growth model with financial market restrictions
• Dynamic effects of government expenditure in a finance constrained economy
• Factor substitution and taxation in a finance constrained economy
• Poverty traps, the money growth rule, and the stage of financial development
• Alternative government financing and stochastic endogenous growth.

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