Comparing four models of aggregate fluctuations due to self-fulfilling expectations

DOI10.1006/JETH.1996.2195zbMATH Open0883.90043OpenAlexW2041923974MaRDI QIDQ1363526FDOQ1363526

Stephanie Schmitt-Grohé

Publication date: 23 March 1998

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

Full work available at URL: https://doi.org/10.1006/jeth.1996.2195

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zbMATH Keywords

equilibrium business cycle modelsexistence of stationary sunspot equilibriaincreasing returns to scale production technologies

Mathematics Subject Classification ID

Economic growth models (91B62)

Cited In (26)

• Can indeterminacy resolve the cross-country correlation puzzle?
• Computing sunspot equilibria in linear rational expectations models
• Indeterminacy and endogenous growth with social constant returns
• Assessing rational expectations. Sunspot multiplicity and economic fluctuations
• Indeterminacy with capital utilization and sector-specific externalities
• Monopolistic competition, increasing returns, and self-fulfilling prophecies
• Capital externalities in OLG economies
• Income effects and indeterminacy in a calibrated one-sector growth model
• Capacity utilization under increasing returns to scale
• Variety matters
• What determines aggregate returns to scale?
• THE TRANSITIONAL DYNAMICS OF FISCAL POLICY IN SMALL OPEN ECONOMIES
• Increasing returns, capital utilization, and the effects of government spending
• Strategic Complementarity in Business Formation: Aggregate Fluctuations and Sunspot Equilibria
• Equilibrium dynamics in discrete-time endogenous growth models with social constant returns
• Learnability and equilibrium selection under indeterminacy
• Animal spirits, technology shocks and the business cycle
• Markup cycles, dynamic misallocation, and amplification
• Local determinacy with non-separable utility
• Imperfect competition and indeterminacy of aggregate output
• Indeterminacy and sunspots with constant returns
• Indeterminacy and period length under balanced budget rules
• Continuous-time sunspot equilibria and dynamics in a model of growth
• Firm dynamics and markup variations: Implications for sunspot equilibria and endogenous economic fluctuations
• LIQUIDITY CONSTRAINTS, HETEROGENEOUS HOUSEHOLDS AND SUNSPOT FLUCTUATIONS
• Understanding self-fulfilling rational expectations equilibria in real business cycle models

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