(In)determinacy, increasing returns, and the optimality of the Friedman rule in an endogenously growing open economy
DOI10.1007/S00199-009-0457-XzbMATH Open1231.91327OpenAlexW2169989234MaRDI QIDQ976765FDOQ976765
Authors: Ching-Chong Lai, Chi-Ting Chin 
Publication date: 16 June 2010
Published in: Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s00199-009-0457-x
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endogenous growthsmall open economyimperfect capital marketsinvestment adjustment coststhe Friedman rule
Special types of economic markets (including Cournot, Bertrand) (91B54) Economic growth models (91B62)
Cites Work
- Capacity utilization under increasing returns to scale
- Indeterminacy and increasing returns
- Tobin's Marginal q and Average q: A Neoclassical Interpretation
- Real business cycles and the animal spirits hypothesis
- Indeterminacy in a small open economy with endogenous labor supply
- Indeterminacy in a small open economy Ramsey growth model
- Indeterminacy and stabilization policy
- Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples
- An Intertemporal Model of Saving and Investment
- Common Currencies vs. Monetary Independence
- The optimality of the friedman rule when some distorting taxes are exogenous
- Growth and equilibrium indeterminacy: The role of capital mobility.
Cited In (9)
- Money, random matching and endogenous growth: a quantitative analysis
- How to reverse a negative asymmetric labor productivity shock in the European Union? A directed technical change analysis with fiscal and monetary policies
- Dynamics in a transactions-based monetary growth model
- Heterogeneity, monetary policy, Mirrleesian taxes, and the Friedman rule
- Monetary rules and endogenous growth in an open economy
- (Non)optimality of the Friedman rule and optimal taxation in a growing economy with imperfect competition
- Money and growth through innovation cycles with leisure
- R\&D and economic growth in a cash-in-advance economy
- Endogenous growth and the Taylor principle
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