A challenge facing the literature of equilibrium indeterminacy and sunspot-driven business cycle fluctuations based on … increasing returns to scale in production is that the required degree of increasing returns for generating indeterminacy can be … relative wage effect can both lower the required degree of increasing returns for indeterminacy to an empirically plausible …

mathematical epidemiological models, economic epidemiological models can produce regions of indeterminacy or instability around the …

in response solely to future inflation induce real indeterminacy of equilibrium. Applying the Samuelson … by itself has a quantitatively negligible effect and almost all strict inflation-targeting rules lead to indeterminacy … stickiness, indeterminacy is much less likely to occur as policy also responds to output. With estimated labor supply elasticity …

Previous literature has shown that local indeterminacy and local instability can arise in two-sector models when factor … basis. We identify a previously unnoticed source of indeterminacy that arises when there are value intensity - physical …