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The Influence of the Stock Market on Economic Dynamics in the Overlapping Generations Model
https://doi.org/10.32609/0042-8736-2007-4-60-69
Abstract
The article considers a simple overlapping generations model. The authors show that the existence of the stock market (which at the first stage of its evolution may be modeled as an increase in the number of firms in the economy) contributes to the reduction of volatility of economic growth.
About the Authors
N. Rozanova
State University - Higher School of Economics
Russian Federation
Russian Federation
A. Nazarenko
Stanford University
United States
United States
References
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Review
For citations:
Rozanova N., Nazarenko A. The Influence of the Stock Market on Economic Dynamics in the Overlapping Generations Model. Voprosy Ekonomiki. 2007;(4):60-69. (In Russ.) https://doi.org/10.32609/0042-8736-2007-4-60-69
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