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Borrowing constraints and complex dynamics in an OLG framework

[journal article]

dc.contributor.authorAssenza, Tizianade
dc.contributor.authorAgliari, Annade
dc.contributor.authorGatti, Domenico Dellide
dc.contributor.authorSantoro, Emilianode
dc.date.accessioned2012-08-07T03:50:00Zde
dc.date.accessioned2012-09-07T08:45:23Z
dc.date.available2012-09-07T08:45:23Z
dc.date.issued2009de
dc.identifier.urihttp://www.ssoar.info/ssoar/handle/document/31512
dc.description.abstractIn this paper we model an OLG economy à la Kiyotaki and Moore whose novel feature is the role of money as a store of value and of bequest as a source of funds to be "invested" in landholding. The dynamics generated by the model are generally characterized by irregular cyclical trajectories and, under special con.guration of the parameters, a strange attractor appears. In this setting, an expansionary monetary policy may have a stabilizing role due to the interaction between money holding and the accumulation of borrowers' net worth.en
dc.languageende
dc.subject.ddcWirtschaftde
dc.subject.ddcEconomicsen
dc.subject.otherE32; E52; Borrowing constraints; Credit cycles; Complex dynamics; Monetary policy
dc.titleBorrowing constraints and complex dynamics in an OLG frameworkde
dc.description.reviewbegutachtet (peer reviewed)de
dc.description.reviewpeer revieweden
dc.source.journalJournal of Economic Behavior & Organization
dc.source.volume72de
dc.publisher.countryNLD
dc.source.issue2de
dc.subject.classozVolkswirtschaftslehrede
dc.subject.classozPolitical Economyen
dc.identifier.urnurn:nbn:de:0168-ssoar-315129
dc.date.modified2012-08-07T13:48:00Zde
dc.rights.licencePEER Licence Agreement (applicable only to documents from PEER project)de
dc.rights.licencePEER Licence Agreement (applicable only to documents from PEER project)en
ssoar.contributor.institutionhttp://www.peerproject.eu/de
internal.statusformal und inhaltlich fertig erschlossende
dc.type.stockarticlede
dc.type.documentZeitschriftenartikelde
dc.type.documentjournal articleen
dc.rights.copyrightfde
dc.source.pageinfo656–669de
internal.identifier.classoz1090300
internal.identifier.journal196
internal.identifier.document32
internal.identifier.ddc330
dc.identifier.doihttps://doi.org/10.1016/j.jebo.2009.07.011de
dc.description.pubstatusPostprintde
dc.description.pubstatusPostprinten
internal.identifier.licence7
internal.identifier.pubstatus2
internal.identifier.review1
internal.check.abstractlanguageharmonizerCERTAIN
internal.check.languageharmonizerCERTAIN_RETAINED


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