Indeterminacy in a small open economy with endogenous labor supply

被引：21
|
作者：
Meng, QL [1 ]
Velasco, A
机构：
[1] Chinese Univ Hong Kong, Dept Econ, Shatin, Hong Kong, Peoples R China
[2] Harvard Univ, John F Kennedy Sch Govt, Cambridge, MA 02138 USA
来源：
ECONOMIC THEORY | 2003年 / 22卷 / 03期
关键词：
indeterminacy; small open economy; business cycles;
D O I：
10.1007/s00199-002-0308-5
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We establish conditions under which indeterminacy can occur in a small open economy business cycle model with endogenous labor supply. Indeterminacy requires small externalities in technologies with social constant returns to scale, independently of the intertemporal elasticities in both consumption and labor.
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页码：661 / 669
页数：9
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