, homothetic preferences and productive external effects [Lloyd-Braga et al., 2007. Indeterminacy in dynamic models: When Diamond … period consumption over the wage income, local indeterminacy can easily occur for mild externalities if constant government … mild externalities, small government expenditures are helpful to local indeterminacy, while large government expenditures …

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 …

homothetic preferences (e.g., Lloyd-Braga, Nourry and Venditti, 2007). We show that under numerical calibrations of the … parameters, local indeterminacy can occur for distortionary tax rates that are empirically plausible for the U.S. economy … the elasticity of intertemporal substitution in consumption is slightly greater than unity. These indeterminacy conditions …

monetary policy or preferences of a single agent, we emphasize the role of heterogeneity of agents in indeterminacy. …In this study, we discuss a connection between heterogeneity of agents and indeterminacy of equilibria in a standard … money-in-the-utility function model. Contrary to ealier studies, which mainly concern indeterminacy in connection with …

factor in the sense that a higher progressivity makes the emergence of indeterminacy and endogenous fluctuations more likely …

consumers improves the deals available to all consumers in the market (the case of search externalities), and when the non …-savvy fund generous deals for all consumers (ripoff externalities). I also discuss when the two groups of consumers have aligned …