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Quasi-linear preferences in the macroeconomy: Indeterminacy, heterogeneity and the representative consumer
Macroeconomic quasi linear preference heterogeneity and consumers
2015/7/21
Quasi-linear preferences in the macroeconomy: Indeterminacy, heterogeneity and the representative consumer.
Indeterminacy in a log–linearized neoclassical growth model with quasi-geometric discounting
The neoclassical growth model discounts nonlinear model logarithm linear function
2015/7/21
This paper studies the properties of solutions to a log–linearized version of the neoclassical growth model with quasi-geometric discounting. We show that after the log–linearization, the model has in...