Indeterminacy in a small open economy with endogenous labor supply

Meng, Qinglai and Velasco, Andres ORCID: 0000-0003-0441-5062 (2003) Indeterminacy in a small open economy with endogenous labor supply. Economic Theory, 22 (3). pp. 661-669. ISSN 0938-2259

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Abstract

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.

Item Type:	Article
Official URL:	https://link.springer.com/journal/199
Additional Information:	© 2003 Springer
Divisions:	School of Public Policy ?? SCPP ??
Subjects:	H Social Sciences > HG Finance
JEL classification:	E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles F - International Economics > F1 - Trade > F12 - Models of Trade with Imperfect Competition and Scale Economies F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F40 - General
Date Deposited:	14 Oct 2019 15:42
Last Modified:	14 Sep 2024 07:59
URI:	http://eprints.lse.ac.uk/id/eprint/102091

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