Indeterminacy and increasing returns
From MaRDI portal
Publication:1329915
DOI10.1006/JETH.1994.1031zbMath0803.90022OpenAlexW3123290401WikidataQ56814245 ScholiaQ56814245MaRDI QIDQ1329915
Roger E. A. Farmer, Jess Benhabib
Publication date: 9 August 1994
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://www.econ.ucla.edu/workingpapers/wp646.pdf
Related Items (only showing first 100 items - show all)
REPRESENTATIONS AND SUNSPOT STABILITY ⋮ Indeterminacy in dynamic models: when Diamond meets Ramsey ⋮ Endogenous growth cycles ⋮ Sunspot fluctuations in two-sector economies with heterogeneous agents ⋮ Incomplete-market dynamics in a neoclassical production economy ⋮ Endogenous cycles with small discounting in multisector optimal growth models: Continuous-time case ⋮ Price stickiness and markup variations in market games ⋮ Multiple steady states, indeterminacy, and cycles in a basic model of endogenous growth ⋮ Preferences, endogenous discount rate, and indeterminacy in a small open economy model ⋮ Nominal income targeting versus money growth targeting in an endogenously growing economy ⋮ A sunspot paradox ⋮ (Non)optimality of the Friedman rule and optimal taxation in a growing economy with imperfect competition ⋮ Voracity vs. scale effect in a growing economy without secure property rights ⋮ Indeterminacy and pollution haven hypothesis in a dynamic general equilibrium model ⋮ Admiration is a source of indeterminacy ⋮ Non‐separable utilities and aggregate instability ⋮ Time‐varying consumption tax, productive government spending, and aggregate instability ⋮ Endogenous liquidity and volatility ⋮ Herding through booms and busts ⋮ Believe it or not: experimental evidence on sunspot equilibria with social networks ⋮ Macroeconomic (in)stability and endogenous market structure with productive government expenditure ⋮ Do distortionary taxes always harm growth? ⋮ A Note on the Bogdanov–Takens Bifurcation in the Romer Model with Learning by Doing ⋮ TASTE FOR VARIETY AND ENDOGENOUS FLUCTUATIONS IN A MONOPOLISTIC COMPETITION MODEL ⋮ Multiple equilibria and progressive taxation of labor income ⋮ Equilibrium dynamics in discrete-time endogenous growth models with social constant returns ⋮ Expectational diversity in monetary economies ⋮ Advances in growth and macroeconomic dynamics: \textit{in memory of Carine Nourry} ⋮ Indeterminacy in a finance constrained unionized economy ⋮ Indeterminacy in discrete-time infinite-horizon models with non-linear utility and endogenous labor ⋮ Stationary Markovian equilibrium in overlapping generation models with stochastic nonclassical production and Markov shocks ⋮ Firm dynamics and markup variations: Implications for sunspot equilibria and endogenous economic fluctuations ⋮ DUAL LABOR MARKET AND ENDOGENOUS FLUCTUATIONS ⋮ The failure of stabilization policy: balanced-budget fiscal rules in the presence of incompressible public expenditures ⋮ Monetary policy transmission in a model with animal spirits and house price booms and busts ⋮ Progressive taxation and macroeconomic (in)stability with productive government spending ⋮ Expectational stability of sunspot equilibria in non-convex economies ⋮ Abatement R\&D, market imperfections, and environmental policy in an endogenous growth model ⋮ Redistribution and growth: Pareto improvements ⋮ NOMINAL WAGE INDEXATION, QUASI-EQUILIBRIA AND REAL WAGE DYNAMICS ⋮ Chaotic equilibrium dynamics in endogeneous growth models ⋮ On intersectoral asymmetries in factors substitutability, ``Equilibrium production possibility frontiers and the emergence of indeterminacies ⋮ Sunspots and the business cycle in a finance constrained economy ⋮ Indeterminacy and endogenous growth with social constant returns ⋮ Unemployment and indeterminacy ⋮ Dynamic effects of government expenditure in a finance constrained economy ⋮ Understanding self-fulfilling rational expectations equilibria in real business cycle models ⋮ Time to enter and business cycles ⋮ Indeterminacy with capital utilization and sector-specific externalities ⋮ THE TRANSITIONAL DYNAMICS OF FISCAL POLICY IN SMALL OPEN ECONOMIES ⋮ TECHNOLOGY, PREFERENCE STRUCTURE, AND THE GROWTH EFFECT OF MONEY SUPPLY ⋮ A NOTE ON OIL DEPENDENCE AND ECONOMIC INSTABILITY ⋮ INCREASING RETURNS AND THE DESIGN OF INTEREST RATE RULES ⋮ ASSET PRICING IN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELS WITH INDETERMINACY ⋮ Indeterminacy and endogenous fluctuations with arbitrarily small externalities ⋮ Tracing externalities as sources of indeterminacy. ⋮ Externalities and nonlinear discounting: Indeterminacy ⋮ Indeterminacy in a dynamic two-country model ⋮ On R\&D spillovers, multiple equilibria and indeterminacy ⋮ Business cycles with cyclical returns to scale ⋮ Endogenous Cycles in Competitive Models: An Overview ⋮ Are sunspots learnable? An experimental investigation in a simple macroeconomic model ⋮ The perils of fiscal feedback rules ⋮ Stable near-rational sunspot equilibria ⋮ Monetary policy and sentiment-driven fluctuations ⋮ Segmentation and beliefs: a theory of self-fulfilling idiosyncratic risk ⋮ Multiple transitional growth paths in endogenously growing open economies. ⋮ Multi-product firms and increasing marginal costs ⋮ Free labor mobility and indeterminacy in models of neoclassical growth ⋮ Celebrating Roger Farmer ⋮ International credit markets and global business cycles ⋮ Real business cycles, animal spirits, and stock market valuation ⋮ Sectoral composition of government spending, distortionary income taxation, and macroeconomic (in)stability ⋮ Hysteresis in unemployment: A confidence channel ⋮ INDETERMINACY, BIFURCATIONS, AND UNEMPLOYMENT FLUCTUATIONS ⋮ Spatial externality and indeterminacy ⋮ ON INTEREST RATE POLICY AND EQUILIBRIUM STABILITY UNDER INCREASING RETURNS: A NOTE ⋮ Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy ⋮ Endogenous time preference, consumption externalities, and trade: multiple steady states and indeterminacy ⋮ Progressive taxation as an automatic destabilizer under endogenous growth ⋮ Imperfect competition and capital accumulation: The role of price normalization ⋮ LIQUIDITY CONSTRAINTS, HETEROGENEOUS HOUSEHOLDS AND SUNSPOT FLUCTUATIONS ⋮ Indeterminacy in a dynamic small open economy. ⋮ Indeterminacy in the free-trade world ⋮ Capital externalities in two-sector models† ⋮ SOME OBSERVATIONS ON THE HIGH-FREQUENCY VERSIONS OF A STANDARD NEW-KEYNESIAN MODEL ⋮ Progressive taxation and macroeconomic stability in two-sector models with social constant returns ⋮ On the estimation of returns to scale, technical progress and monopolistic markups ⋮ Skills, sunspots and cycles ⋮ Can environmental taxation stimulate growth? the role of indeterminacy in endogenous growth models with environmental externalities ⋮ Alternative government financing and aggregate fluctuations driven by self-fulfilling expectations ⋮ Endogenous participation risk in speculative markets ⋮ Can consumption spillovers be a source of equilibrium indeterminacy? ⋮ Increasing returns and crowding out ⋮ Indeterminacy with no-income-effect preferences and sector-specific externalities ⋮ Endogenous fluctuations in two-sector models: role of preferences ⋮ Endogenous cycles and human capital ⋮ Comments on ``Keynesian economics without the Phillips curve by R. E. A. Farmer and G. Nicolò ⋮ Animal spirits as an engine of boom-busts and throttle of productivity growth ⋮ Solving and estimating indeterminate DSGE models
This page was built for publication: Indeterminacy and increasing returns
