Land Speculation and Wobbly Dynamics with Endogenous Phase Transitions
收藏NBER2022-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29745
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This paper examines the global macro-dynamics of an OLG model with capital and land with rational expectations. Through the interactions between capital accumulation and land prices, the economy experiences phase transitions, endogenously moving back and forth from situations with unique and
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美国国家经济研究局创建时间：
2022-02-01
