Imperfect competition and indeterminacy of aggregate output
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Publication:960274
DOI10.1016/J.JET.2007.01.021zbMATH Open1153.91662OpenAlexW3121920275MaRDI QIDQ960274FDOQ960274
Publication date: 16 December 2008
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://research.stlouisfed.org/wp/2006/2006-017.pdf
indeterminacyself-fulfilling expectationscost-push shockscounter-cyclical markupglobal sunspotshump-shaped impulse responsesmarginal costsprocyclical productivity
Cites Work
- Capacity utilization under increasing returns to scale
- Indeterminacy and increasing returns
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- Real business cycles and the animal spirits hypothesis
- Self-fulfilling prophecies
- INDETERMINACY AND INVESTMENT ADJUSTMENT COSTS: AN ANALYTIC RESULT
- Stationary sunspot equilibria in a finance constrained economy
- Monopolistic competition, business cycles, and the composition of aggregate demand
- Comparing four models of aggregate fluctuations due to self-fulfilling expectations
- Firm dynamics and markup variations: Implications for sunspot equilibria and endogenous economic fluctuations
- SELF-FULFILLING PROPHECIES AND THE BUSINESS CYCLE
- International Trade and Macroeconomic Dynamics with Heterogeneous Firms*
- Multiple equilibria in a growth model with monopolistic competition
- Strategic Complementarity in Business Formation: Aggregate Fluctuations and Sunspot Equilibria
- Adjustment costs and indeterminacy in perfect foresight models
- Understanding self-fulfilling rational expectations equilibria in real business cycle models
Cited In (5)
- Imperfectly competitive labour markets and the productivity puzzle.
- Income effects and indeterminacy in a calibrated one-sector growth model
- Imperfect competition and the Keynesian cross
- Comparing recursive equilibrium in economies with dynamic complementarities and indeterminacy
- Indeterminacy of intertemporal equilibria under imperfect competition
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