The aim of this paper is to study the relationship between reverse capital deepening and instability of the equilibrium between investments and savings. It is shown for a model with n commodities, infinitely many linear technique of production, and overlapping generations that a badly behaved real Wicksell effect, as in the case of a ‘reswitching of techniques’, can involve instability.
Fratini, S.M. (2013). REAL WICKSELL EFFECT, DEMAND FOR CAPITAL AND STABILITY. METROECONOMICA, 64(2), 346-360.
Titolo: | REAL WICKSELL EFFECT, DEMAND FOR CAPITAL AND STABILITY |
Autori: | |
Data di pubblicazione: | 2013 |
Rivista: | |
Citazione: | Fratini, S.M. (2013). REAL WICKSELL EFFECT, DEMAND FOR CAPITAL AND STABILITY. METROECONOMICA, 64(2), 346-360. |
Handle: | http://hdl.handle.net/11590/133852 |
Appare nelle tipologie: | 1.1 Articolo in rivista |
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