with the previous result that the existence of endogenous labor income taxes raises the possibility of local indeterminacy … consumption--to--wage ratio associated with local indeterminacy, because of two conflicting effects on savings that operate …

reasonable share of first period consumption over the wage income, local indeterminacy can easily occur with small distortionary …

This paper demonstrates that preference structure may play a pivotal role in generating indeterminacy in the stylized … time, indeterminacy may hold even if production technologies satisfy social constant returns. We also examine models with … indeterminacy. It is also shown that nonseparability of utility function is crucial for generating indeterminacy in the quality …

inflation thresholds: increasing inflation beyond the threshold level will reduce domestic output. Instability, indeterminacy of … high rates of domestic inflation- increases the scope for indeterminacy and economic fluctuations. …

unique stable equilibrium characteristics; pre-Volcker or passive monetary policy generates equilibrium indeterminacy …

-protection consumption choices can generate indeterminacy; that is, they can give rise to the existence of a continuum of (Nash) equilibrium …

finance the exogenous government expenditure, we can also have indeterminacy. From this perspective, factor income tax and … tariff share similar channels to generate indeterminacy. …

We establish conditions under which indeterminacy can occur in a small open economy oil-in the production RBC model … with lump sum tariff revenue transfers. The indeterminacy would require that the steady state tariff rates be in an open … interval. This means that as long as the government revenues are exogenous, our indeterminacy result will be robust to the …