Title:Can Stabilization Policies Be Efficient? Author(s):SAIDI, AurélienDate:2009Type:Working PaperSeries/Number:EUI ECO; 2009/01Abstract:This paper makes use of optimal control relaxed problems to prove the absence of optimal trajectory in continuous time models with social increasing returns to scale where indeterminacy occurs. Although an efficient optimal ...
Title:Increasing returns to scale, (in)determinacy and welfare : investigating the role of economic policy Author(s):SAIDI, AurélienDate:2007Citation:
- Florence : European University Institute, 2007
Type:ThesisSeries/Number:EUI PhD theses; Department of EconomicsAbstract:no abstract available