that this approach raises the problem of indeterminacy of the equilibrium. Copyright Springer Science+Business Media …

the number of terminal date-events. Stickiness of prices implies that this indeterminacy is real. Copyright Springer …

In this note I discuss the condition for indeterminacy in the context of search models with increasing returns in the …

We propose a novel approach to deal with the problem of indeterminacy in linear rational expectations models. The … number of explosive roots in presence of indeterminacy. The solution in this expanded state space, if it exists, is always … and any degree of indeterminacy, and it can be implemented even when the boundaries of the determinacy region are unknown …

If agents are ambiguity-averse and can invest in productive assets, asset prices can robustly exhibit indeterminacy in … the markets that open after the productive investment has been launched. For indeterminacy to occur, the aggregate supply … systematically. That indeterminacy arises only at a knife-edge set of aggregate supplies allows for a simple explanation of the …

We propose a novel approach to deal with the problem of indeterminacy in Linear Rational Expectations models. The … number of explosive roots in presence of indeterminacy. The solution in this expanded state space, if it exists, is always … and any degree of indeterminacy, and it can be implemented even when the boundaries of the determinacy region are unknown …