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  • Search: subject:"Euler equation branching"
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Subject
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Euler equation branching 1 chaos 1 cycles 1 externality 1 global indeterminacy 1 increasing returns to scale 1 multiple equilibria 1 regime switching 1
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Online availability
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Free 1
Type of publication
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Book / Working Paper 1
Language
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Undetermined 1
Author
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Raines, Brian E. 1 Stockman, David R. 1
Institution
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Department of Economics, Lerner College of Business and Economics 1
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Working Papers / Department of Economics, Lerner College of Business and Economics 1
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RePEc 1
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"Euler Equation Branching"
Stockman, David R.; Raines, Brian E. - Department of Economics, Lerner College of Business and … - 2008
Some macroeconomic models exhibit a type of global indeterminacy known as Euler equation branching (e.g., the one … paper, we show that in models with Euler equation branching there are multiple equilibria and that the dynamics are chaotic …. In particular, we provide sufficient conditions for a dynamical system on the plane with Euler equation branching to be …
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