that exhibits local indeterminacy, we show that the introduction of a constant capital tax or subsidy can lead to various … equilibrium, while the true nonlinear model exhibits global indeterminacy. This result implies that stabilization policies … designed to suppress sunspot fluctuations near the steady state may not prevent sunspots, cycles, or chaos in regions away from …

that exhibits local indeterminacy, we show that the introduction of a constant capital tax or subsidy can lead to various … equilibrium, while the true nonlinear model exhibits global indeterminacy. This result implies that stabilization policies … designed to suppress sunspot fluctuations near the steady state may not prevent sunspots, cycles, or chaos in regions away from …

This paper shows under indeterminacy and tax evasion, an increase in corporate, labor or income tax rates pushes the …

reduce the aggregate degree of increasing returns required for indeterminacy, and for having well behaved input demand …

This paper shows that underground activities and tax evasion may be another possible source of local indeterminacy of … one-sector general equilibrium model allow to reduce aggregate degree of increasing returns required for indeterminacy … indeterminacy, an increase in corporate, labor or income tax rates has a non-Keynesian effect, i.e. the economy enters into an …