global indeterminacy. Comparing outcomes across the various equilibria we show that the relation between growth and yields is …

spending. In this model, we prove that the subspace of the parameter space where the equilibrium exhibits indeterminacy is … devoted to government expenditures is large, plausible fiscal policies may cause the equilibrium to exhibit indeterminacy …

a flat or progressive tax scheme (such as that in the U.S.) is more susceptible to indeterminacy and sunspot …

This paper demonstrates that preference structure may play a pivotal role in generating indeterminacy in the stylized … time, indeterminacy may hold even if production technologies satisfy social constant returns. We also examine models with … indeterminacy. It is also shown that nonseparability of utility function is crucial for generating indeterminacy in the quality …

allows indeterminacy, we demonstrate the possibility of Hopf bifurcation using both analytical and numerical approaches. The …

Some recent research indicates that the occurrence of indeterminacy in mod- els with externalities may be overstated … that the sign of the effect of inequality on indeterminacy is not pinned down by the standard properties of preferences …) tends to neutralize the external effects and eliminate indeterminacy. …

The aim of the paper is to explore the link between agent's heterogeneity and indeterminacy in a general equilibrium … (1994) in which heterogeneous agents are introduced. We first show that the occurrence of indeterminacy depends on the … find that the sign of the effect of heterogeneity on indeterminacy is not pinned down by the standard properties of …