Does dynamic efficiency rule out sunspot fluctuations ?

Jean-Pierre Drugeon (), Carine Nourry and Alain Venditti
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Jean-Pierre Drugeon: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: The aim of this paper is to discuss the role of the elasticity of capital-labor substitution on the local determinacy properties of the steady state in a two-sector economywith CES technologies and sector-specific externalities

Keywords: Two-sector OLG model; dynamic efficiency; local determinacy (search for similar items in EconPapers)
Date: 2006
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00410787v1
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Working Paper: Does dynamic efficiency rule out sunspot fluctuations ? (2006)
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