Chatterji, Shurojit; Chattopadhyay, Subir - Centro de Investigación Económica (CIE), Departamento … - 2002
set available to agents when they make their forecast for the next period includes the current realization of an extrinsic … specification considered in the literature on sunspot equilibria where the extrinsic random process is the state variable. This … bounded fluctuations driven purely by extrinsic beliefs for the model described above; furthermore, the existence of these …