Liquidity constraints and cycles

Céline Rochon ()
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Céline Rochon: Center for Operations Research and Econometrics (CORE), Université catholique de Louvain (UCL), Louvain la Neuve, Belgium

No 1998007, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: In this paper, we modify the model of Benhabib and Laroque in which the behaviour of non steady-state equilibria in the neighborhood of the golden rule steady state are studied, to include liquidity constraints. We observe, in an example, the appearance of new cycles.

Keywords: Overlapping Generations Models; Money; Liquidity Constraints; Cycles. (search for similar items in EconPapers)
JEL-codes: E32 E37 E47 (search for similar items in EconPapers)
Date: 1998-01-01
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:1998007

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