Efficient Endogenous Fluctuations in Two-Sector OLG Model
type: Dataset
contact point: Organization
  fn: CCSD
keyword: shsecohumanities-and-social-scienceseconomics-and-finance
keyword: infoeu-reposemanticspreprint
keyword: preprints-working-papers-
keyword: two-sector-olg-model
keyword: endogenous-fluctuations
keyword: dynamic-efficiency
keyword: multiple-consumption-goods
landing page: https://shs.hal.science/halshs-00793704
description: 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. There are two consumption goods, one pure (non-durable) consumption and one consumable (durable) capital good which can be either consumed or invested. Assuming gross substitutability and a capital intensive pure consumption good, we prove the existence of efficient endogenous fluctuations through a Hopf bifurcation if the share of the consumption of young in the composite good is low enough. We also show that some fiscal policy rules can improve welfare and prevent the existence of business-cycle fluctuations in the economy by driving it to the optimal steady state as soon as it is announced.
issued: 2026-05-14T05:13:14.376803
language: en
modified: 2026-05-14T05:13:14.376809

Efficient Endogenous Fluctuations in Two-Sector OLG Model
type: Distribution
access URL: https://shs.hal.science/halshs-00793704
format: HTML
issued: 2026-05-14T05:13:14.383166
modified: 2026-05-14T05:13:14.360722

test_moissonnage_selune
type: Agent