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The Influence of the Stock Market on Economic Dynamics in the Overlapping Generations Model

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  • N. Rozanova
  • A. Nazarenko

Abstract

The article considers a simple overlapping generations model. The authors show that the existence of the stock market (which at the first stage of its evolution may be modeled as an increase in the number of firms in the economy) contributes to the reduction of volatility of economic growth.

Suggested Citation

  • N. Rozanova & A. Nazarenko, 2007. "The Influence of the Stock Market on Economic Dynamics in the Overlapping Generations Model," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
    • Handle: RePEc:nos:voprec:y:2007:id:1592
    DOI: 10.32609/0042-8736-2007-4-60-69
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