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Imbalance effects in the Lucas model: An analytical exploration

Raouf Boucekkine () and José Ruiz-Tamarit ()

No 2004005, Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: In this note, we use a technique analogous to Xie’s method (1994) to solve analytically the Lucas model with externality in a specific parametric case. In particular, we characterize the shape of imbalance effects in this model. Our results are entirely consistent with the findings of the related computational literature. Moreover, our analytical investigation tends to show that these findings are robust to the presence of the Lucas externality as long as a unique equilibrium path exists.

Keywords: Imbalance effects; Lucas model; Externality; Analytical solution (search for similar items in EconPapers)
JEL-codes: C61 C62 O41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge
Date: 2004-03-01
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Journal Article: Imbalance Effects in the Lucas Model: an Analytical Exploration (2004) Downloads
Working Paper: Imbalance effects in the Lucas model: an analytical exploration (2004) Downloads
Working Paper: Imbalance effects in the Lucas model: an analytical exploration (2004) Downloads
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