On local indeterminacy and endogenous cycles in Ramsey models with heterogeneous households

Stefano Bosi () and Thomas Seegmuller ()
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Stefano Bosi: EPEE - Centre d'Etudes des Politiques Economiques - UEVE - Université d'Évry-Val-d'Essonne
Thomas Seegmuller: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: It is well-known that endogenous cycles can occur in Ramsey models with heterogeneous households and borrowing constraints. In this note, we address the issue of robustness in the more general case of endogenous labor supply and we explain the occurrence of local indeterminacy under progressive taxation.

Date: 2009-01
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Published in Portuguese Economic Journal, 2009, 8, pp.53-58. ⟨10.1007/s10258-009-0039-7⟩

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Related works:
Journal Article: On local indeterminacy and endogenous cycles in Ramsey models with heterogeneous households (2009)
Working Paper: On local indeterminacy and endogenous cycles in Ramsey models with heterogeneous households (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-02878040

DOI: 10.1007/s10258-009-0039-7

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