Chiappori, Pierre-Andre; Geoffard, Pierre-Yves; … - In: Econometrica 60 (1992) 5, pp. 1097-126
The paper investigates the existence of stationary sunspot equilibria (SSE) in the vicinity of a steady state in a general, one-step forward looking economic model of dimension n. It is shown that, whenever the steady state is indeterminate, for the associated deterministic dynamics--i.e., there...