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Indeterminacy and sunspots in two-sector RBC models with generalized no-income-effect preferences

Dufourt, Frédéric; Nishimura, Kazuo; Venditti, Alain - In: Journal of Economic Theory 157 (2015) C, pp. 1056-1080

We analyze sunspot-driven fluctuations in the standard two-sector RBC model with moderate increasing returns to scale and generalized no-income-effect preferences à la Greenwood, Hercovitz and Huffman [13]. We provide a detailed theoretical analysis enabling us to derive relevant bifurcation...

Persistent link: https://www.econbiz.de/10011263592

Stability of stochastic optimal growth models: a new approach

Nishimura, Kazuo; Stachurski, John - In: Journal of Economic Theory 122 (2005) 1, pp. 100-118

Persistent link: https://www.econbiz.de/10005146101

Intersectoral Externalities and Indeterminacy

Nishimura, Kazuo; Venditti, Alain - In: Journal of Economic Theory 105 (2002) 1, pp. 140-157

Persistent link: https://www.econbiz.de/10005146161

Introduction to Intertemporal Equilibrium Theory: Indeterminacy, Bifurcations, and Stability

Mitra, Tapan; Nishimura, Kazuo - In: Journal of Economic Theory 96 (2001) 1-2, pp. 1-12

Persistent link: https://www.econbiz.de/10005153490

Trade and Indeterminacy in a Dynamic General Equilibrium Model

Nishimura, Kazuo; Shimomura, Koji - In: Journal of Economic Theory 105 (2002) 1, pp. 244-260

Persistent link: https://www.econbiz.de/10005153892

Competitive equilibrium cycles

Nishimura, Kazuo - In: Journal of Economic Theory 35 (1985) 2, pp. 284-306

Persistent link: https://www.econbiz.de/10005111951

Indeterminacy and Sunspots with Constant Returns

Benhabib, Jess; Nishimura, Kazuo - In: Journal of Economic Theory 81 (1998) 1, pp. 58-96

Persistent link: https://www.econbiz.de/10005159332

The hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth

Benhabib, Jess; Nishimura, Kazuo - In: Journal of Economic Theory 21 (1979) 3, pp. 421-444

Persistent link: https://www.econbiz.de/10005159510

A complete characterization of optimal growth paths in an aggregated model with a non-concave production function

Dechert, W. Davis; Nishimura, Kazuo - In: Journal of Economic Theory 31 (1983) 2, pp. 332-354

Persistent link: https://www.econbiz.de/10005159547

On the Least Upper Bound of Discount Factors That Are Compatible with Optimal Period-Three Cycles

Nishimura, Kazuo; Yano, Makoto - In: Journal of Economic Theory 69 (1996) 2, pp. 306-333

Persistent link: https://www.econbiz.de/10005160092