global indeterminacy. These theoretical results support the large empirical literature on the relationship between financial …

Considering that monetary policy instability may cause indeterminacy of the macroeconomic equilibrium, this paper … derives the boundary condition between determinacy and indeterminacy in a small open economy DSGE model, and then uses this … model to investigate China's monetary policy and macroeconomic fluctuations under indeterminacy during the period from 1992 …

. We show that in order to get indeterminacy, the presence of both aggregate and sector-specific external effects is needed … consumption. We perform a sensitivity analysis and show that indeterminacy emerges for parameter values in line with those used in …

externality helps to generate equilibrium indeterminacy together with production externality. Specifically, the existence of … consumption externality reduces the upper and lower bounds of production externality for local indeterminacy, and when the degree … of consumption externality increases, the upper and lower bounds of production externalities for local indeterminacy are …