{"title":"Endogenous cycles with uncertain lifespans in continuous time","authors":"William Whitesell","doi":"10.1016/0165-1765(86)90223-5","DOIUrl":null,"url":null,"abstract":"<div><div>Endogenous equilibrium business cycles are found in a Blanchard (1985) model modified to include endogenous labor supply. With low elasticities of substitution in production and consumption, cycles arise around stationary states with positive real interest rates.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"22 2","pages":"Pages 153-158"},"PeriodicalIF":1.8000,"publicationDate":"1986-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/0165176586902235","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Endogenous equilibrium business cycles are found in a Blanchard (1985) model modified to include endogenous labor supply. With low elasticities of substitution in production and consumption, cycles arise around stationary states with positive real interest rates.
期刊介绍：
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.
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