Stationary Ramsey Equilibria under Uncertainty

Journal of Economic Theory

Volumn 75, Issue 1, 1997, Pages 122-140

  Becker, Robert ^a   Zilcha, Itzhak ^b  

^a INDIANA UNIVERSITY   (United States)

^b TEL AVIV UNIVERSITY   (Israel)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001529668     PISSN: 00220531     EISSN: None     Source Type: Journal    
DOI: 10.1006/jeth.1997.2272     Document Type: Article

References (32)

1. Aiyagari S. R. Uninsured idiosyncratic risk and aggregate saving. Quart. J. Econ. 109:1994;659-684.
2. S. R. Aiyagari, Optimal income taxation with incomplete markets, borrowing constraints and constant discounting, J. Polit. Econ.
3. Aiyagari S. R. Staff Report. 1995.
4. Aiyagari S. R., McGrattan E. R. Staff Report. 203:1995.
5. Becker R. On the long-run steady state in a simple dynamic model of equilibrium with heterogenous households. Quart. J. Econ. 95:1980;375-382.
6. Becker R., Foias C. A characterization of Ramsey equilibrium. J. Econ. Theory. 41:1987;173-184.
7. Becker R., Foias C. The local bifurcation of Ramsey equilibrium. Econ. Theory. 4:1994;719-744.
8. Becker R., Boyd J. H. III, Foias C. The existence of Ramsey equilibrium. Econometrica. 59:1991;441-460.
9. Berge C. Topological Spaces. 1963;Macmillan, New York.
10. Bewley T. F. Stationary monetary equilibrium with a continuum of independently fluctuating consumers. Contributions to Mathematics in Honor of Gerard Debreu. 1986;North-Holland, Amsterdam.
11. Brock W. A., Mirman L. Optimal economic growth and uncertainty: The discounted case. J. Econ. Theory. 4:1972;479-513.
12. A. Castaneda, J. Diaz-Gimenez, J. V. Rios-Rull, 1995, Unemployment spells and income distribution dynamics.
13. Deaton. Understanding Consumption. 1992;Oxford Univ. Press, London.
14. Dunford N., Schwartz J. Linear Operators I. 1974;Interscience, New York.
15. Hartley J. E. The origins of the representative agent. J. Econ. Persp. 10:1996;169-177.
16. M. Huggett, The One-Sector Growth Model with Idiosyncratic Shocks, Working Paper, University of Illinois at Urbana-Champaign, Illinois.
17. Kirman A. P. Whom or what does the representative individual represent? J. Econ. Persp. 6:1992;117-136.
18. Krussell P., Smith A. Working Paper. 399:1995a.
19. Krussell P., Smith A. Working Paper. 1995b.
20. Mirman L., Zilcha I. On optimal growth under uncertainty. J. Econ. Theory. 11:1975;329-339.
21. Nevue J. Mathematical Foundations of the Calculus of Probability. 1965;Holden-Day.
22. K. Nishimura, G. Sorger, Optimal cycles and chaos: a survey, Stud. Nonlin. Dynam. Econ.
23. Peleg B. Efficient random variables. J. Math. Econ. 2:1975;243-252.
24. Ramsey F. A mathematical theory of saving. Econ. J. 38:1928;543-559.
25. Radner R. Optimal stationary consumption with stochastic production and resources. J. Econ. Theory. 6:1973;68-90.
26. Rios-Roll J. Models with heterogenous agents. Cooley T. F. Frontiers of Business Cycles Research. 1995;Princeton Univ. Press, Princeton.
27. Stadler G. W. Real business cycles. J. Econ. Lit. 32:1994;1750-1783.
28. Schectman J., Escudero V. L. S. Some results on "An income fluctuation problem," J. Econ. Theory. 16:1977;151-166.
29. Sorger G. On the structure of Ramsey equilibrium: cycles, indeterminacy. Econ. Theory. 4:1994;745-764.
30. G. Sorger, Chaotic Ramsey equilibrium, Intl. J. Bifurcation Chaos.
31. Woodford M. Imperfect financial intermediation and complex dynamics. Barnett W. A., Geweke J., Shell K. Economic Complexity: Chaos, Bubbles, and Nonlinearity. 1988a;Cambridge Univ. Press, Cambridge.
32. Woodford M. Expectations, finance, and aggregate instability. Kohn M., Tsiang S. C. Finance Constraints, Expectations, and Macroeconomics. 1988b;Clarendon Press, Oxford.