Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10437763 | Journal of Economic Behavior & Organization | 2005 | 9 Pages |
Abstract
Several recent papers have argued that it is more likely for indeterminacy to occur under a high intertemporal elasticity of substitution in consumption. This paper claims that this property does not generally hold in neoclassical growth models. We illustrate this claim by combining the features of those recent papers.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jinill Kim,