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?:abstract
  • In 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. (xsd:string)
?:contributor
?:dateModified
  • 2009 (xsd:gyear)
?:datePublished
  • 2009 (xsd:gyear)
?:doi
  • 10.1016/j.jebo.2009.07.011 ()
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  • true (xsd:boolean)
is ?:hasPart of
?:inLanguage
  • en (xsd:string)
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?:issueNumber
  • 2 (xsd:string)
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?:name
  • Borrowing constraints and complex dynamics in an OLG framework (xsd:string)
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?:publicationType
  • Zeitschriftenartikel (xsd:string)
  • journal_article (en)
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  • GESIS-SSOAR (xsd:string)
  • In: Journal of Economic Behavior & Organization, 72, 2009, 2, 656–669 (xsd:string)
rdf:type
?:url
?:urn
  • urn:nbn:de:0168-ssoar-315129 ()
?:volumeNumber
  • 72 (xsd:string)