Title:Disequilibrium Dynamics With Naive Agents in the Overlapping Generations Model With Money
Author(s):SACCO, Pier LuigiDate:1993Type of Publication:ArticleAbstract:This paper studies the disequilibrium dynamics of the overlapping generations model with money under the assumption that agents are not aware of the strategic opportunities left open by nonequilibrium trade. The standard ...
Title:Optimal-Control of Input Output Systems Via Demand Management
Author(s):SACCO, Pier LuigiDate:1992Type of Publication:ArticleAbstract:This paper studies the optimal control of an input-output model with two sectors where the policy maker controls the level of final demand. It is found that the stationary point is hyperbolic and has a stable manifold of ...