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 …

principle in one regime does not necessarily cause indeterminacy. Second, very different responses to inflation may trigger … indeterminacy even if both regimes satisfy the Taylor principle. Determinacy thus results from the adequacy between monetary regimes …

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 …

The Type Indeterminacy model is a theoretical framework that uses some elements of quantum formalism to model the … constructive preference perspective suggested by Kahneman and Tversky. In a dynamic decision context, type indeterminacy induces a …