indeterminacy occurs through flip and Hopf bifurcations for a large set of values of the elasticity of intertemporal substitution in … indeterminacy occurs through flip and Hopf bifurcations for any value of the elasticity of the labor supply, and can even be …

indeterminacy occurs through flip and Hopf bifurcations for a large set of values of the elasticity of intertemporal substitution in … indeterminacy occurs through flip and Hopf bifurcations for any value of the elasticity of the labor supply, and can even be …

-separable and concave, which affects unfavorably the occurrence of local indeterminacy. …

technologies and sector-specific externalities. Our main results provide necessary and sufficient conditions for local … indeterminacy. First we show that the consumption good sector needs to be capital intensive at the private level and labor intensive …

properties of the steady state in a two-sector economy with CES technologies and sector-specific externalities. …

We consider a two-sector economy with money-in-the-utility-function and sector-specific externalities. We provide … conditions on technologies leading to the existence of local indeterminacy for any value of the interest rate elasticity of money …

determinacy properties of the steady state in a continuous-time two-sector economy with sector-specific externalities. First we … show that when labor is inelastic, for any configuration of the returns to scale, local indeterminacy is obtained if there … indeterminacy arises if the investment good sector has increasing social returns, provided the consumption good is labor intensive …

This paper demonstates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational … eigenvectors related to stable eigenvalues. A finite set of equilibria is a substitute to continuous (uncountable) sets of sunspots …