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Chaotic Equilibria in a Small, Open, Overlapping‐Generations Economy with Child–Parent Externality
Author(s) -
Nishimura Kazuo,
Shimomura Koji
Publication year - 1999
Publication title -
review of international economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.513
H-Index - 58
eISSN - 1467-9396
pISSN - 0965-7576
DOI - 10.1111/1467-9396.00176
Subject(s) - economics , overlapping generations model , externality , small open economy , chaotic , open economy , keynesian economics , microeconomics , neoclassical economics , economy , macroeconomics , monetary policy , management , exchange rate
This paper presents a simple overlapping‐generations model of a small open economy with child–parent externality that exhibits chaotic equilibrium dynamics.