Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25782 
Year of Publication: 
2006
Series/Report no.: 
CESifo Working Paper No. 1737
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We investigate dynamics in an overlapping generations economy with Stone-Geary preferences. We show that a steady state exists, and furthermore and importantly, that there can be a multitude of two cycles even though intertemporal elasticity of substitution in consumption exceeds unity.
JEL: 
E21
E32
Document Type: 
Working Paper
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