Luciano Fanti

TL;DR: In this paper, a continuous time economic IS-LM model with distributed tax collection lag is proposed to explain the multi-periodicity and irregularity in business cycles and the suggested implications in fiscal control policy could be of help in the current economic and political debate on the role of fiscal policy in the European countries.

TL;DR: In this paper, it was shown that the Solow (1956) neo-classical growth paradigm not only explains the existence of a globally stable state of balanced growth, but, once endowed with a demographically founded formulation of the labour supply, is also capable to endogenously explain a second main stylised fact of growth, i.e., the generation of globally stable oscillations around the path of balance growth.

TL;DR: In this article, the authors study the dynamics of a duopoly game with horizontal product differentiation and show that an increase in either the degree of substitutability or complementarity between products of different varieties is a source of complexity.

TL;DR: Zhang et al. as mentioned in this paper analyzed the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro-founded differentiated products demand and showed that a higher degree of product differentiation may destabilise the market equilibrium.

TL;DR: In this article, the role of progressive income taxation in the frame of the basic multiplier-accelerator model in continuous time is investigated and it is shown that, while the proportional taxation is, as common wisdom believes, always stabilizing, in the case of non-linear progressive taxation, an increase of the degree of progression is always destabilizing.