Local Determinacy with Non-separable Utility
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00409585
Download full text from publisher
Other versions of this item:
- Pintus, Patrick A., 2007. "Local determinacy with non-separable utility," Journal of Economic Dynamics and Control, Elsevier, vol. 31(2), pages 669-682, February.
References listed on IDEAS
- Benhabib Jess & Farmer Roger E. A., 1994.
"Indeterminacy and Increasing Returns,"
Journal of Economic Theory, Elsevier, vol. 63(1), pages 19-41, June.
- Benhabib, Jess & Farmer, Roger E.A., 1991. "Indeterminacy and Increasing Returns," Working Papers 91-59, C.V. Starr Center for Applied Economics, New York University.
- Jess Benhabib & Roger E.A. Farmer, 1992. "Indeterminacy and Increasing Returns," UCLA Economics Working Papers 646, UCLA Department of Economics.
- Benhabib, J. & Farmer, R.E.A, 1991. "Indeterminacy and Increasing Returns," Papers 165, Cambridge - Risk, Information & Quantity Signals.
- Benhabib, Jess & Farmer, Roger E. A., 1996.
"Indeterminacy and sector-specific externalities,"
Journal of Monetary Economics, Elsevier, vol. 37(3), pages 421-443, June.
- Roger E.A. Farmer, 1994. "Indeterminacy and Sector-Specific Externalities," UCLA Economics Working Papers 722, UCLA Department of Economics.
- Benhabib, Jess & Farmer, Roger E.A., 1995. "Indeterminacy and Sector-Specific Externalities," Working Papers 95-02, C.V. Starr Center for Applied Economics, New York University.
- Benhabib, Jess & Farmer, Roger E A, 1996. "Indeterminacy and Sector-specific Externalities," CEPR Discussion Papers 1403, C.E.P.R. Discussion Papers.
- Benhabib, Jess & Farmer, Roger E.A., 1996. "Indeterminacy and Sector-Specific Externalities," Working Papers 96-12, C.V. Starr Center for Applied Economics, New York University.
- King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988. "Production, growth and business cycles : II. New directions," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 309-341.
- King, Robert G. & Rebelo, Sergio T., 1999.
"Resuscitating real business cycles,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 14, pages 927-1007,
Elsevier.
- Robert G. King & Sergio T. Rebelo, 2000. "Resuscitating Real Business Cycles," NBER Working Papers 7534, National Bureau of Economic Research, Inc.
- Robert G. King & Sergio T. Rebelo, 2000. "Resuscitating Real Business Cycles," RCER Working Papers 467, University of Rochester - Center for Economic Research (RCER).
- Bennett, Rosalind L. & Farmer, Roger E. A., 2000.
"Indeterminacy with Non-separable Utility,"
Journal of Economic Theory, Elsevier, vol. 93(1), pages 118-143, July.
- Bennett, R.L. & Farmer, R.E.A., 1999. "Indeterminacy with Non-Separable Utility," Economics Working Papers eco99/34, European University Institute.
- J. B. Taylor & M. Woodford (ed.), 1999. "Handbook of Macroeconomics," Handbook of Macroeconomics, Elsevier, edition 1, volume 1, number 1.
- Schmitt-Grohe, Stephanie, 1997.
"Comparing Four Models of Aggregate Fluctuations due to Self-Fulfilling Expectations,"
Journal of Economic Theory, Elsevier, vol. 72(1), pages 96-147, January.
- Stephanie Schmitt-Grohe, 1995. "Comparing four models of aggregate fluctuations due to self-fulfilling expectations," Finance and Economics Discussion Series 95-17, Board of Governors of the Federal Reserve System (U.S.).
- Wen, Yi, 1998. "Capacity Utilization under Increasing Returns to Scale," Journal of Economic Theory, Elsevier, vol. 81(1), pages 7-36, July.
- Wen, Yi, 2001.
"Understanding self-fulfilling rational expectations equilibria in real business cycle models,"
Journal of Economic Dynamics and Control, Elsevier, vol. 25(8), pages 1221-1240, August.
- Wen, Yi, 2000. "Understanding Self-Fulfilling Rational Expectations Equilibria in Real Business Cycle Models," Working Papers 00-02, Cornell University, Center for Analytic Economics.
- Basu, Susanto & Fernald, John G, 1997.
"Returns to Scale in U.S. Production: Estimates and Implications,"
Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 249-283, April.
- Susanto Basu & John G. Fernald, 1996. "Returns to scale in U.S. production: estimates and implications," International Finance Discussion Papers 546, Board of Governors of the Federal Reserve System (U.S.).
- Patrick Pintus, 2006. "Indeterminacy with almost constant returns to scale: capital-labor substitution matters," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(3), pages 633-649, August.
- Hintermaier, Thomas, 2003. "On the minimum degree of returns to scale in sunspot models of the business cycle," Journal of Economic Theory, Elsevier, vol. 110(2), pages 400-409, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Yashiv, Eran & Perets, Gadi, 2018. "Lie Symmetries and Essential Restrictions in Economic Optimization," CEPR Discussion Papers 12611, C.E.P.R. Discussion Papers.
- Busato, Francesco & Marchetti, Enrico, 2010.
"Endogenous skill cycles,"
Research in Economics, Elsevier, vol. 64(3), pages 175-185, September.
- Francesco Busato & Enrico Marchetti, 2009. "Endogenous Skill Cycles," Working Papers in Public Economics 127, Department of Economics and Law, Sapienza University of Roma.
- Bosi, Stefano & Nishimura, Kazuo & Venditti, Alain, 2010.
"Multiple equilibria in two-sector monetary economies: An interplay between preferences and the timing for money,"
Journal of Mathematical Economics, Elsevier, vol. 46(6), pages 997-1014, November.
- Stefano Bosi & Kazuo Nishimura & Alain Venditti, 2009. "Multiple equilibria in two-sector monetary economies: an interplay between preferences and the timing for money," Working Papers halshs-00432258, HAL.
- Magris, Francesco, 2012. "Indeterminacy and multiple steady states with sector-specific externalities," Economic Modelling, Elsevier, vol. 29(6), pages 2664-2672.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2022.
"Expectations, self-fulfilling prophecies and the business cycle,"
Working Papers
hal-03923946, HAL.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2023. "Expectations, self-fulfilling prophecies and the business cycle," AMSE Working Papers 2234, Aix-Marseille School of Economics, France.
- Busato, Francesco & Chiarini, Bruno & Marchetti, Enrico, 2011.
"Indeterminacy, underground activities and tax evasion,"
Economic Modelling, Elsevier, vol. 28(3), pages 831-844, May.
- Francesco Busato & Bruno Charini & Enrico Marchetti, 2004. "Indeterminacy, Underground Activities and Tax Evasion," Economics Working Papers 2004-12, Department of Economics and Business Economics, Aarhus University.
- Enrico MARCHETTI & Francesco BUSATO & Bruno CHIARINI & Enrico MARCHETTI, 2010. "Indeterminacy, Underground Activities and Tax Evasion," EcoMod2010 259600112, EcoMod.
- Francesco Busato & Bruno Chiarini & Enrico Marchetti, 2005. "Indeterminacy, Underground Activities and Tax Evasion," Working Papers 289, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Nishimura, Kazuo & Venditti, Alain, 2010.
"Indeterminacy and expectation-driven fluctuations with non-separable preferences,"
Mathematical Social Sciences, Elsevier, vol. 60(1), pages 46-56, July.
- Kazuo Nishimura & Alain Venditti, 2010. "Indeterminacy and expectation-driven uctuations with non-separable preferences," KIER Working Papers 702, Kyoto University, Institute of Economic Research.
- Francesco Busato & Enrico Marchetti, 2009.
"Skills, sunspots and cycles,"
Journal of Economics, Springer, vol. 97(3), pages 189-215, July.
- Francesco Busato & Enrico Marchetti, 2006. "Skills, sunspots and cycles," Economics Working Papers 2006-07, Department of Economics and Business Economics, Aarhus University.
- Frederic Dufourt & Kazuo Nishimura & Alain Venditti, 2013.
"Indeterminacy and sunspot fluctuations in two-sector RBC models: theory and calibration,"
Working Papers
halshs-00796236, HAL.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2013. "Indeterminacy and Sunspot Fluctuations in Two-Sector RBC models: Theory and Calibration," AMSE Working Papers 1315, Aix-Marseille School of Economics, France, revised Nov 2009.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2013. "Indeterminacy and Sunspot Fluctuations in Two-Sector RBC models: Theory and Calibration," Working Papers halshs-00796703, HAL.
- Teresa Lloyd‐Braga & Carine Nourry & Alain Venditti, 2006.
"Indeterminacy with small externalities: The role of non‐separable preferences,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 2(3‐4), pages 217-239, September.
- Lloyd-Braga, Teresa & Nourry, Carine & Venditti, Alain, 2006. "Indeterminacy with Small Externalities: The Role of Non-Separable Preferences," CEPR Discussion Papers 5541, C.E.P.R. Discussion Papers.
- Wong, Tsz-Nga & Yip, Chong K., 2010. "Indeterminacy and the elasticity of substitution in one-sector models," Journal of Economic Dynamics and Control, Elsevier, vol. 34(4), pages 623-635, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jaimovich, Nir, 2008.
"Income effects and indeterminacy in a calibrated one-sector growth model,"
Journal of Economic Theory, Elsevier, vol. 143(1), pages 610-623, November.
- Nir Jaimovich, 2005. "Income Effects and Indeterminacy in a Calibrated One-Sector Growth Model," Discussion Papers 07-012, Stanford Institute for Economic Policy Research, revised Mar 2007.
- Jaimovich, Nir, 2007.
"Firm dynamics and markup variations: Implications for sunspot equilibria and endogenous economic fluctuations,"
Journal of Economic Theory, Elsevier, vol. 137(1), pages 300-325, November.
- Nir Jaimovich, 2007. "Firm Dynamics and Markup Variations: Implications for Sunspot Equilibria and Endogenous Economic Fluctuation," Discussion Papers 07-011, Stanford Institute for Economic Policy Research.
- Stephanie Schmitt-Grohe, 2000.
"Endogenous Business Cycles and the Dynamics of Output, Hours, and Consumption,"
American Economic Review, American Economic Association, vol. 90(5), pages 1136-1159, December.
- Stephanie Schmitt-Grohe, 1998. "Endogenous business cycles and the dynamics of output, hours, and consumption," Finance and Economics Discussion Series 1998-19, Board of Governors of the Federal Reserve System (U.S.).
- Stephanie Schmitt-Grohe, 1999. "Endogenous business cycles and the dynamics of output, hours, and consumption," Departmental Working Papers 199915, Rutgers University, Department of Economics.
- Schmitt-Grohé, Stephanie, 1999. "Endogenous Business Cycles and the Dynamics of Output, Hours, and Consumption," CEPR Discussion Papers 2315, C.E.P.R. Discussion Papers.
- Guo, Jang-Ting & Harrison, Sharon G., 2001. "Indeterminacy with capital utilization and sector-specific externalities," Economics Letters, Elsevier, vol. 72(3), pages 355-360, September.
- Busato, Francesco & Chiarini, Bruno & Marchetti, Enrico, 2011.
"Indeterminacy, underground activities and tax evasion,"
Economic Modelling, Elsevier, vol. 28(3), pages 831-844, May.
- Francesco Busato & Bruno Charini & Enrico Marchetti, 2004. "Indeterminacy, Underground Activities and Tax Evasion," Economics Working Papers 2004-12, Department of Economics and Business Economics, Aarhus University.
- Enrico MARCHETTI & Francesco BUSATO & Bruno CHIARINI & Enrico MARCHETTI, 2010. "Indeterminacy, Underground Activities and Tax Evasion," EcoMod2010 259600112, EcoMod.
- Francesco Busato & Bruno Chiarini & Enrico Marchetti, 2005. "Indeterminacy, Underground Activities and Tax Evasion," Working Papers 289, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Kim, Jinill, 2005. "Does utility curvature matter for indeterminacy?," Journal of Economic Behavior & Organization, Elsevier, vol. 57(4), pages 421-429, August.
- Wang, Pengfei & Wen, Yi, 2008.
"Imperfect competition and indeterminacy of aggregate output,"
Journal of Economic Theory, Elsevier, vol. 143(1), pages 519-540, November.
- Pengfei Wang & Yi Wen, 2007. "Imperfect competition and indeterminacy of aggregate output," Working Papers 2006-017, Federal Reserve Bank of St. Louis.
- Tarek Coury & Yi Wen, 2007. "Global indeterminacy in locally determinate RBC models," Working Papers 2007-029, Federal Reserve Bank of St. Louis.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2022.
"Expectations, self-fulfilling prophecies and the business cycle,"
Working Papers
hal-03923946, HAL.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2023. "Expectations, self-fulfilling prophecies and the business cycle," AMSE Working Papers 2234, Aix-Marseille School of Economics, France.
- Nishimura, Kazuo & Venditti, Alain, 2010.
"Indeterminacy and expectation-driven fluctuations with non-separable preferences,"
Mathematical Social Sciences, Elsevier, vol. 60(1), pages 46-56, July.
- Kazuo Nishimura & Alain Venditti, 2010. "Indeterminacy and expectation-driven uctuations with non-separable preferences," KIER Working Papers 702, Kyoto University, Institute of Economic Research.
- Luís Francisco Aguiar-Conraria & Yi Wen, 2004.
"Foreign Trade and Equilibrium Indeterminacy,"
NIPE Working Papers
5/2004, NIPE - Universidade do Minho.
- Luis Aguiar-Conraria & Yi Wen, 2005. "Foreign trade and equilibrium indeterminacy," Working Papers 2005-041, Federal Reserve Bank of St. Louis.
- Aguiar-Conraria, Luis & Wen, Yi, 2004. "Foreign Trade and Equilibrium Indeterminacy," Working Papers 04-09, Cornell University, Center for Analytic Economics.
- Dos Santos Ferreira, Rodolphe & Dufourt, Frederic, 2006.
"Free entry and business cycles under the influence of animal spirits,"
Journal of Monetary Economics, Elsevier, vol. 53(2), pages 311-328, March.
- Rodolphe dos Santos Ferreira & Frédéric Dufourt, 2006. "Free entry and business cycles under the influence of animal spirits," Post-Print halshs-00789030, HAL.
- Xiao, Wei, 2004. "Can indeterminacy resolve the cross-country correlation puzzle?," Journal of Economic Dynamics and Control, Elsevier, vol. 28(12), pages 2341-2366, December.
- Busato, Francesco & Marchetti, Enrico, 2010.
"Endogenous skill cycles,"
Research in Economics, Elsevier, vol. 64(3), pages 175-185, September.
- Francesco Busato & Enrico Marchetti, 2009. "Endogenous Skill Cycles," Working Papers in Public Economics 127, Department of Economics and Law, Sapienza University of Roma.
- Tarek Coury & Yi Wen, 2009. "Global indeterminacy in locally determinate real business cycle models," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(1), pages 49-60, March.
- Francesco Busato & Enrico Marchetti, 2009.
"Skills, sunspots and cycles,"
Journal of Economics, Springer, vol. 97(3), pages 189-215, July.
- Francesco Busato & Enrico Marchetti, 2006. "Skills, sunspots and cycles," Economics Working Papers 2006-07, Department of Economics and Business Economics, Aarhus University.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2016.
"Sunspot fluctuations in two-sector models: New results with additively separable preferences,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 12(1), pages 67-83, March.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2015. "Sunspot Fluctuations in Two-Sector Models: New Results with Additively-Separable Preferences," Working Papers halshs-01131425, HAL.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2015. "Sunspot Fluctuations in Two-Sector Models: New Results with Additively-Separable Preferences," AMSE Working Papers 1515, Aix-Marseille School of Economics, France.
- Frédéric Dufourt & Kazuo Nishimura & Alain Venditti, 2023. "Sunspot fluctuations in two-sector models: New results with additively separable preferences," Working Papers hal-01447848, HAL.
- Meng, Qinglai & Yip, Chong Kee, 2008. "On indeterminacy in one-sector models of the business cycle with factor-generated externalities," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 97-110, March.
- Guo, Jang-Ting & Lansing, Kevin J., 2009. "Capital-labor substitution and equilibrium indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 33(12), pages 1991-2000, December.
- Aguiar-Conraria, Luís & Wen, Yi, 2008.
"A Note On Oil Dependence And Economic Instability,"
Macroeconomic Dynamics, Cambridge University Press, vol. 12(5), pages 717-723, November.
- Luis Aguiar-Conraria & Yi Wen, 2007. "A note on oil dependence and economic instability," Working Papers 2006-060, Federal Reserve Bank of St. Louis.
More about this item
Keywords
real business cycles; intertemporal substitution; capital-labor substitution; externalities; indeterminacy; sunspots.; sunspots;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:halshs-00409585. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.