On the indeterminacy of interest rates and wages with perfect foresight

DOI10.1016/0022-0531(78)90097-2zbMath0406.90012OpenAlexW2067156069MaRDI QIDQ1257819

Guillermo A. Calvo

Publication date: 1978

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(78)90097-2

zbMATH Keywords

Dynamic Economic ModelInfinite HorizonPerfect Foresight

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items

Indeterminacy in incomplete market economies, The dynamic analysis of continuous-time life-cycle savings growth models, Determinacy of equilibrium in stationary economies with both finite and infinite lived consumers, Self-fulfilling prophecies, Dynamic determinacy and the existence of sunspot equilibria, Market selection with an endogenous state, Gross substitutability in large-square economies, Adjustment costs, learning, and indeterminacy, Trend-reverting fluctuations in the life-cycle model

Cites Work

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• Money and Growth: The Case of Long Run Perfect Foresight
• Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations
• The Stability of Models of Money and Growth with Perfect Foresight
• Corrections to “Weight Distribution of Cosets of Small Codes With Good Dual Properties” [Dec 15 6493-6504]
• The "Saddlepoint Property" and the Structure of Dynamic Heterogeneous Capital Good Models
• On Equilibrium Growth of Capital and Labor