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Title:Cycles and indeterminacy in overlapping generations economies with Stone-Geary preferences PDF Logo
Authors:Koskela, Erkki
Puhakka, Mikko
Issue Date:2006
Series/Report no.:CESifo working paper 1737
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
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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