Indeterminacy in a small open economy with endogenous labor supply

(2003) Indeterminacy in a small open economy with endogenous labor supply Economic Theory, 22 (3). pp. 661-669. ISSN 0938-2259

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We establish conditions under which indeterminacy can occur in a small open economy business cycle model with endogenous labor supply. Indeterminacy requires small externalities in technologies with social constant returns to scale, independently of the intertemporal elasticities in both consumption and labor.

Item Type	Article
Keywords	business cycles,Indeterminacy,small open economy
Departments	?? SCPP ?? School of Public Policy
DOI	10.1007/s00199-002-0308-5
Date Deposited	14 Oct 2019 15:42
URI	https://researchonline.lse.ac.uk/id/eprint/102091

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http://www.scopus.com/inward/record.url?scp=0242473192&partnerID=8YFLogxK (Scopus publication)
http://www.lse.ac.uk/school-of-public-policy/people/Andr%C3%A9s-Velasco/Andr%C3%A9s-Velasco (Author)
https://link.springer.com/journal/199 (Official URL)

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