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Economic Development in Eastern Germany: History, Expectations, and Public Policy
Steger, Thomas M.; Schäfer, Andreas - 2010
aggregate level. The model features multiple equilibria and (local and global) indeterminacy. Expectations matter for resulting …
Persistent link: https://www.econbiz.de/10010276783
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History, expectations, and public policy: Economic development in Eastern Germany
Schäfer, Andreas; Steger, Thomas M. - 2010
aggregate level. The model features multiple equilibria as well as (local and global) indeterminacy. Expectations matter for …
Persistent link: https://www.econbiz.de/10010276791
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A finite set of equilibria for the indeterminacy of linear rational expectations models
Chatelain, Jean-Bernard; Ralf, Kirsten - 2014
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
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Journey into the unknown? Economic consequences of factor market integration under increasing returns to scale
Schäfer, Andreas; Steger, Thomas - 2011
) indeterminacy. Hence, expectations matter for resulting equilibrium dynamics. Despite its simplicity, the model creates a rich set … fundamentals in models with indeterminacy. The model is applied to replicate two striking empirical characteristics of …
Persistent link: https://www.econbiz.de/10010280639
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From growth to cycles through beliefs
Gunn, Christopher M. - 2011 - Rev.
Persistent link: https://www.econbiz.de/10009500914
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A finite set of equilibria for the indeterminacy of linear rational expectations models
Chatelain, Jean-Bernard; Ralf, Kirsten - 2014
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
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An equilibrium selection theory of monopolization
Eckert, Andrew; Klumpp, Tilman; Su, Xuejuan - 2016
Persistent link: https://www.econbiz.de/10011536249
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A finite set of equilibria for the indeterminacy of linear rational expectations models
Chatelain, Jean-Bernard; Ralf, Kirsten - Deutsche Zentralbibliothek für … - 2014
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
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Animal Spirits as an Engine of Boom-Busts and Throttle of Productivity Growth
Gunn, Christopher M. - Carleton University, Department of Economics - 2013
The news-shock literature interprets empirical news-shock identifications as signals about future productivity. Under this view, changes in productivity cause changes in expectations. I investigate an alternative interpretation whereby changes in expectations cause changes in productivity. I...
Persistent link: https://www.econbiz.de/10011252972
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Journey into the Unknown? Economic Consequences of Factor Market Integration under Increasing Returns to Scale
Schäfer, Andreas; Steger, Thomas - CESifo - 2011
) indeterminacy. Hence, expectations matter for resulting equilibrium dynamics. Despite its simplicity, the model creates a rich set … fundamentals in models with indeterminacy. The model is applied to replicate two striking empirical characteristics of …
Persistent link: https://www.econbiz.de/10009645233