technologies for both sectors identical, for expositional simplicity, we show that indeterminacy can easily occur for parameter …

of equilibrium indeterminacy, liberalization of capital movements is likely to be accompanied by persistent fluctuations …

The Paper approaches business cycles in terms of extrinsic uncertainty related, not to dynamic indeterminacy of … static indeterminacy of free entry oligopolistic equilibria within each period. We consider an OLG economy in which firms … dynamic indeterminacy, we can weaken the condition on the degree of increasing returns, which may be arbitrarily small (with a …

indeterminacy of equilibria and instability under adaptive learning. Some other forms of CIR policy perform better, however. We also …

related models in the literature, we find that under constant returns to scale in production: (i) indeterminacy always …