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exploitation. We characterize the cyclicals dynamics of the economy, show that indeterminacy may appear, and establish some …
Persistent link: https://www.econbiz.de/10005015257
This paper demonstrates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10010378075
This paper demonstrates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10010957782
This paper proposes conditions for the existence and uniqueness of solutions to systems of linear differential or algebraic equations with delays or advances, in which some variables may be non predetermined. The obtained conditions represent the counterpart of the Blanchard and Kahn conditions...
Persistent link: https://www.econbiz.de/10010607678
This paper demonstates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10010812336
This paper demonstates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10011112237
In this paper we use global analysis techniques to investigate an economic growth model with environmental negative externalities, giving rise to a three-dimensional dynamic system (the framework is the one introduced by Wirl (1997)). The dynamics of our model admits a locally attracting steady...
Persistent link: https://www.econbiz.de/10008555459
This paper demonstrates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10011525764
conditions for indeterminacy that are easy to implement and we show that the necessary and sufficient condition for determinacy … indeterminacy in a passive regime may spill over to an active regime no matter how active the latter regime is. As a result, a …
Persistent link: https://www.econbiz.de/10010292275
We demonstrate the possibility of indeterminacy and non-existence of equilibrium dynamics in a standard business cycle …
Persistent link: https://www.econbiz.de/10010293499