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...

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Bibliographic details
Main Author: Cheron, Arnaud
Barinci, J.P
Format: Paper
Language: English
Place of publication: 2000
Related: Université Panthéon-Sorbonne (Paris 1)
Data of publication: 2000
Series: Papiers d'Economie Mathématique et Applications
Online Access: available in Bonn?
Database: RePEc
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