Preferences, endogenous discount rate, and indeterminacy in a small open economy model

DOI10.1016/j.econlet.2003.12.025zbMath1254.91397OpenAlexW2069066533MaRDI QIDQ1927559

Yong Bian, Qinglai Meng

Publication date: 1 January 2013

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2003.12.025

zbMATH Keywords

small open economyutility functionindeterminacyendogenous discount rate

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Economic growth models (91B62) Stability of solutions to ordinary differential equations (34D20)

Related Items (3)

Balanced-budget consumption taxes and aggregate stability in a small open economy ⋮ Local and global dynamics in an overlapping generations model with endogenous time discounting ⋮ Endogenous time preference, consumption externalities, and trade: multiple steady states and indeterminacy

Cites Work

• Indeterminacy and sunspots with constant returns
• Fashion and wealth accumulation
• Indeterminacy and increasing returns
• Indeterminacy in a small open economy Ramsey growth model

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