KER
Endogenous Growth and Equilibrium Cycles under Altruistic and Envious 포켓몬 카드 게임 모바일
Hyun Park (Kyung Hee University)발행년도 2019Vol. 35No. 2
초록
This study examines how habit persistence in 포켓몬 카드 게임 모바일 affects short- and long-run economic growth in a dynamic competitive economy and addresses the possibility of equilibrium cycles in the presence of habit persistence in 포켓몬 카드 게임 모바일. The study shows acontinuum of transitional competitive equilibrium paths, each of which converges to a unique balanced growth path when external habits influence a household’s 포켓몬 카드 게임 모바일 and when a firm’s productivities increase in public capital services financed by consumption taxes. The self-fulfilling sunspot equilibrium path exhibits equilibrium cycles underaltruistic or envious 포켓몬 카드 게임 모바일 in a growing competitive economy with exogenous fiscal policies. The study also demonstrates that a distortionary fiscal policy, including consumption tax, acts as a stabilizer for sunspot-driven fluctuations among rational expectation agents, selects a unique transitional path around the unique balance growth path, and eradicates equilibrium cycles in the social optimum.