indeterminate and stable sunspots are possible. We find that capital adjustment costs of any size preclude stable sunspots for every … size are considered, a necessary condition for the existence of stable sunspots is an upward- sloping labor demand curve in … the standard result that when we abstract from capital adjustment costs, stable sunspots occur in the two-sector model for …

indeterminate and stable sunspots are possible. We find that capital adjustment costs of any size preclude stable sunspots for every … size are considered, a necessary condition for the existence of stable sunspots is an upward- sloping labor demand curve in … the standard result that when we abstract from capital adjustment costs, stable sunspots occur in the two-sector model for …

determinate for all empirically plausible parameter values. We also find that determinacy occurs for a much larger range of …

state is determinate for all empirically plausible parameter values. We also find that determinacy occurs for a much larger …

state is determinate for all empirically plausible parameter values. We also find that determinacy occurs for a much larger …

state is determinate for all empirically plausible parameter values. We also find that determinacy occurs for a much larger …

indeterminate and stable sunspots are possible. We find that capital adjustment costs of any size preclude stable sunspots for every … size are considered, a necessary condition for the existence of stable sunspots is an upward-sloping labour demand curve in … the standard result that when we abstract from capital adjustment costs, stable sunspots occur in the two-sector model for …

sector-specific externalities. We show analytically that capital adjustment costs of any size preclude local indeterminacy … that when capital adjustment costs of any size are considered, a necessary condition for local indeterminacy is an upward … numerically that capital adjustment costs of plausible size imply determinacy nearby the steady state for empirically plausible …

sector–specific externalities. We show analytically that capital adjustment costs of any size preclude local indeterminacy … that when capital adjustment costs of any size are considered, a necessary condition for local indeterminacy is an upward … numerically that capital adjustment costs of plausible size imply determinacy nearby the steady state for empirically plausible …

sector specific externalities. We show analytically that capital adjustment costs of any size preclude local indeterminacy … that when capital adjustment costs of any size are considered, a necessary condition for local indeterminacy is an upward … numerically that capital adjustment costs of plausible size imply determinacy nearby the steady state for empirically plausible …