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Efficient Endogenous Fluctuations in Two-Sector OLG Model
We consider a two-sector two-good two-periods overlapping generations model with inelastic labor, consumption in both period of life and homothetic CES preferences.... -
Destabilization Effect of International Trade in a Perfect Foresight Dynamic ...
In the present paper, we consider a two-country, two-good, two-factor general equilibrium model with CIES non-linear preferences, asymmetric technologies across... -
Rational Bubbles and Macroeconomic Fluctuations: The (De-)Stabilizing Role of...
We are interested in the occurrence of expectation-driven fluctuations of a rational bubble and the (de-)stabilizing role of monetary policy. Our explanation of... -
Recycling and endogenous cycles
International audience -
Sunspots, cycles and adjustment costs in the two-sectors model
Do adjustment costs able to modify the dynamic of the two sectors model? We examine the impact of adjustment costs in capital on the properties of long-run... -
Keeping-up with the Joneses, a new source of fluctuations in the two-sector c...
Our main objective is to study the impact of consumption externality like keeping of with the Joneses on the properties of long-run equilibrium in the two-sector...
