Sunspots and Business Cycle in a Finance Constrained Economy
This paper examines the cyclical properties of a finance constrained economy populated by two classes of households with heterogeneous preferences and featuring social increasing returns-to-scale. The model exhibits indeterminacy for externalities mild enough so that the labor demand curve is downwa...
|Place of publication:||
UniversitÃ© PanthÃ©on-Sorbonne (Paris 1)
|Data of publication:||2000|
Papiers d'Economie MathÃ©matique et Applications
|Online Access:||available in Bonn?|
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