Poverty traps, the money growth rule, and the stage of financial development

DOI10.1016/J.JEDC.2011.03.006zbMath1217.91125OpenAlexW2003074688MaRDI QIDQ550838

Yoichi Gokan

Publication date: 13 July 2011

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2011.03.006

zbMATH Keywords

monetary policyfinancial developmentlocal indeterminacymultiple steady statesindivisible investmentNeimark-Sacker and saddle-node bifurcationspoverty traps

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62) Economic dynamics (91B55)

Related Items (3)

Asset bubbles, credit market imperfections, and technology choice ⋮ A note on the crowd-in effect of asset bubbles in the perpetual youth model ⋮ Financial destabilization

Cites Work

• Alternative government financing and aggregate fluctuations driven by self-fulfilling expectations
• Financial market frictions, monetary policy, and capital accumulation in a small open economy
• Financial markets in development, and the development of financial markets
• Capital market imperfections in a monetary growth model
• Dynamic effects of government expenditure in a finance constrained economy
• Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations

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