Zobrazeno 1 - 10
of 46
pro vyhledávání: '"Paolo Mattana"'
Publikováno v:
Social Sciences and Humanities Open, Vol 10, Iss , Pp 101067- (2024)
This paper examines the conditions for the emergence of chaotic dynamics in the economy described by Parello (2019) and the role of international labor migration on the global indeterminacy of the equilibrium resulting from the competition in the lab
Externí odkaz:
https://doaj.org/article/e6303f8fc1994ae1a640aa9ee18eaa1a
Publikováno v:
Studies in Nonlinear Dynamics & Econometrics. 27:219-236
In a New Keynesian model, it is believed that combining active monetary policy using a Taylor rule with a passive fiscal rule can achieve local equilibrium determinacy. However, even with such policies, indeterminacy can occur from the emergence of a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e38d2afb795562d7c7a4725422087572
https://doi.org/10.1515/snde-2021-0106
https://doi.org/10.1515/snde-2021-0106
Publikováno v:
Journal of Economic Interaction and Coordination. 17:259-285
This paper shows that the dynamics of the Lucas (J Monet Econ, 22:3–42, 1988) endogenous growth model with flow externalities may give rise to a 2-torus, a compact three-dimensional manifold enclosed by a two-dimensional surface. The implications o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::947798e9a44a91bda97ac978b7d27fb4
https://doi.org/10.1007/s11403-021-00331-8
https://doi.org/10.1007/s11403-021-00331-8
Publikováno v:
Macroeconomic Dynamics. 25:693-704
This paper shows that global indeterminacy may characterize the three-dimensional vector field implied by the Lucas [(1988) Journal of Monetary Economics 22, 3–42] endogenous growth model. To achieve this result, we demonstrate the emergence of a f
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::16deed59a2466e72b9660dce19258031
https://doi.org/10.1017/s1365100519000373
https://doi.org/10.1017/s1365100519000373
Publikováno v:
Economic Modelling. 108:105767
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cec548adf7a53660639111a51d4fe392
https://doi.org/10.1016/j.econmod.2022.105767
https://doi.org/10.1016/j.econmod.2022.105767
Publikováno v:
Journal of Economic Dynamics and Control. 134:104291
The paper shows that in a New Keynesian (NK) model, an active interest rate feedback monetary policy, when combined with a Ricardian passive fiscal policy, a la Leeper-Woodford, may induce the onset of a Shilnikov chaotic attractor in the region of t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::abb661b0fb416a8aa4379760e18b890e
https://doi.org/10.1016/j.jedc.2021.104291
https://doi.org/10.1016/j.jedc.2021.104291
Autor:
Giovanni Bella, Paolo Mattana
Publikováno v:
Journal of Public Economic Theory. 21:291-309
This paper extends the findings in Chen and Lee (2007) to show that the use of congestible public goods can produce both local and global indeterminacy in a two‐sector endogenous growth model with productive public services financed by income taxat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c0b40f21a3221e83a4e72fff1051a67d
https://doi.org/10.1111/jpet.12340
https://doi.org/10.1111/jpet.12340
Autor:
Paolo Mattana, Giovanni Bella
Publikováno v:
Journal of Environmental Economics and Policy. 8:179-192
We explore the role of fiscal policy in a growth model where the depletion of non-renewable resources presents stock effects. We first show that fiscal policy may induce the emergence of two coexis...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c99ea26e431d8d4f464647deb52bf17c
https://doi.org/10.1080/21606544.2018.1530612
https://doi.org/10.1080/21606544.2018.1530612
Autor:
Giovanni Bella, Paolo Mattana
Publikováno v:
Decisions in Economics and Finance. 41:187-202
We use the principles of global bifurcation analysis to explore the role of fiscal policy in a model where non-renewable depletion presents stock effects. Initially, we show that fiscal policy may induce the onset of two coexisting steady states, one
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ff208d25db65269b012fcc47767e2be4
https://doi.org/10.1007/s10203-018-0218-z
https://doi.org/10.1007/s10203-018-0218-z
Autor:
Paolo Mattana, Giovanni Bella
Publikováno v:
Nonlinear Analysis: Real World Applications. 39:185-201
This paper studies the properties of bistability of equilibria, giving rise to periodic oscillations and 2-tori chaotic dynamics in the full three-dimensional structure of the generalized version of the Chamley (1993) endogenous growth model. This co
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6cb53b2588978a6d98dc25440976444f
https://doi.org/10.1016/j.nonrwa.2017.06.013
https://doi.org/10.1016/j.nonrwa.2017.06.013