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Global indeterminacy in locally determinate RBC models
Coury, Tarek (contributor); Wen, Yi (contributor) - 2008 - Rev.
Persistent link: https://www.econbiz.de/10003740656
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Global indeterminacy in locally determinate real business cycle models
Coury, Tarek; Wen, Yi - In: International journal of economic theory 5 (2009) 1, pp. 49-60
Persistent link: https://www.econbiz.de/10003825266
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Global Indeterminacy in Locally Determinate RBC Models
Coury, Tarek - 2008
We investigate the global dynamics of RBC models with production externalities. We confirm that purely local analysis does not tell the full story. With externalities smaller than required for local indeterminacy, local analysis shows the steady state to be a saddle, implying a unique...
Persistent link: https://www.econbiz.de/10012726390
Cover Image
Global indeterminacy in locally determinate real business cycle models
Coury, Tarek; Wen, Yi - In: International Journal of Economic Theory 5 (2009) 1, pp. 49-60
Persistent link: https://www.econbiz.de/10005215490
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Global indeterminacy in locally determinate RBC models
Coury, Tarek; Wen, Yi - Federal Reserve Bank of St. Louis - 2007
We investigate the global dynamics of RBC models with production externalities. We confirm that purely local analysis does not tell the full story. With externalities smaller than required for local indeterminacy, local analysis shows the steady state to be a saddle, implying a unique...
Persistent link: https://www.econbiz.de/10005490921