A Note on Growth Cycles

Stefano Bosi (), Matthieu Caillat and Matthieu Lepelley
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Stefano Bosi: EPEE, University of Evry-Val d’Essonne
Matthieu Caillat: ENSTA, Paris
Matthieu Lepelley: ENSTA, Paris

No 00-10, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne

Abstract: A constraint of cash-in-advance is introduced in a simple model of endogenous growth with public spending. Under lower intertemporal substitution there is room for transition dynamics and indeterminacy. Deterministic and possibly endogenous growth cycles arise.

Keywords: cash-in-advance; endogenous growth; indeterminacy (search for similar items in EconPapers)
JEL-codes: D90 E32 E50 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2000
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