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Equilibrium dynamics in the neoclassical growth model with habit formation and elastic labor supply
(Scientific Research Publishing, 2012)
This note analyzes the equilibrium dynamics in the neoclassical growth model with habit-forming preferences and elastic labor supply. Habits enter into utility in a multiplicative way. The specification of the habit ...
On the Closed-Form Solution of an Endogenous Growth Model With Anticipated Consumption
(2021)
[Abstract] This paper derives a closed-form solution of the AK endogenous growth model with logarithmic
preferences and anticipated future consumption which enters additively into effective consumption.
We get an explicit ...