教師資料查詢 | 類別: 期刊論文 | 教師: 李順發 Shun-fa Lee (瀏覽個人網頁)

標題:Non-separable Utilities and Aggregate Instability
學年106
學期1
出版(發表)日期2018/01/01
作品名稱Non-separable Utilities and Aggregate Instability
作品名稱(其他語言)
著者Been-Lon Chen; Shun-Fa Lee; Xavier Raurich
單位
出版者
著錄名稱、卷期、頁數International Journal of Economic Theory
摘要This paper studies an infinite-horizon two-sector growth model with sector-specific externalities and preferences that are non-separable between consumption and leisure. We find two main results. First, a larger income effect on the labor supply increases the possibility of macroeconomic instability. Second, a larger elasticity of the labor supply may increase or decrease the possibility of aggregate instability, depending on the intensity of the income effect.
關鍵字Indeterminacy;non-separable preferences;income effect;labor supply elasticity
語言英文(美國)
ISSN
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別日本
公開徵稿
出版型式,電子版,紙本
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