sticky, and the less competitive firms are, the economy is likely to exhibit indeterminacy even if monetary policy is active. …

We demonstrate the possibility of indeterminacy and non-existence of equilibrium dynamics in a standard business cycle …

We demonstrate the possibility of indeterminacy and non-existence of equilibrium dynamics in a standard business cycle …

) for estimating linear rational expectations models allowing for the possibility of indeterminacy. Fiscal policy is …

issue is of importance for assessing the possibility of equilibrium indeterminacy and sunspot-driven business cycles. The … equilibrium perspective. I argue that the question of indeterminacy is a property of a system and cannot be conclusively answered … indeterminacy. When abstracting from variable capital utilization, estimates of the scale parameter increase, but again …

issue is of importance for assessing the possibility of equilibrium indeterminacy and sunspot-driven business cycles. The … equilibrium perspective. I argue that the question of indeterminacy is a property of a system and cannot be conclusively answered … by single equation methods. Moreover, estimates of returns to scale will be biased when the possibility of indeterminacy …

We demonstrate the possibility of indeterminacy and non-existence of equilibrium dynamics in a standard business cycle …