Dynamic determinacy and the existence of sunspot equilibria
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Publication:1119149
DOI10.1016/0022-0531(89)90101-4zbMath0669.90023OpenAlexW2053192989MaRDI QIDQ1119149
Publication date: 1989
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/2027.42/28064
disturbancestationary stateeigenvalue conditionexistence of stationary sunspot equilibraunique equilibrium path
Related Items (3)
On the structure of Ramsey equilibrium: Cycles, indeterminacy, and sunspots ⋮ Adjustment costs and indeterminacy in perfect foresight models ⋮ Adjustment costs, learning, and indeterminacy
Cites Work
- Self-fulfilling prophecies
- Stationary sunspot equilibria in an N commodity world
- Stationary sunspot equilibria in a finance constrained economy
- Stabilizing competitive business cycles
- On the existence of sunspot equilibria in an overlapping generations model
- On the indeterminacy of interest rates and wages with perfect foresight
- The definition of stability in models with perfect foresight
- Comparative Statics and Perfect Foresight in Infinite Horizon Economies
- The Solution of Linear Difference Models under Rational Expectations
- Rational Expectations in Dynamic Linear Models: Analysis of the Solutions
- Sunspots and Cycles
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