Dynamic Investigations of an Endogenous Business Cycle Model with Heterogeneous Agents

Spiros Bougheas, Pasquale Commendatore, Laura Gardini, Ingrid Kubin*

*Korrespondierende*r Autor*in für diese Arbeit

Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in FachzeitschriftBegutachtung

Abstract

We introduce agents’ heterogeneity into a model of endogenous business cycles, in
which agents can invest either in ‘good’ projects that contribute to future capital formation, or in ‘bad’ projects without that property. The resulting map involves three
distinct regimes, two of which we linearize. Using theoretical results on piecewise
linear systems and on border collision bifurcations, we are able to provide a thourough analysis of the dynamics.
OriginalspracheEnglisch
Seitenumfang25
FachzeitschriftComputational Economics
Frühes Online-Datum2023
DOIs
PublikationsstatusElektronische Veröffentlichung vor Drucklegung - 2023

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