The Appearance of Indeterminacy Paths-An Economy with the Balanced Budget Rule and without Depreciation

Fujio Takata
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Fujio Takata: Graduate School of Economics, Kobe University

No 2001, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: This paper deals with multiple movement patterns in an economy with infinite capital duration. It demonstrates what conditions are required for indeterminacy. Moreover, itshows that the capital duration is unrelated with the movement patterns.

Pages: 12 pages
Date: 2020-02
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