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 …

indeterminacy occurs through flip and Hopf bifurcations for a large set of values of the elasticity of intertemporal substitution in … indeterminacy occurs through flip and Hopf bifurcations for any value of the elasticity of the labor supply, and can even be …

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. …

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

productive external effects arising from average capital and labour. We show that indeterminacy cannot arise when there are only …

presence of indeterminacy, sunspot equilibria can exist. I study the stability of the trap, subject to continuous-time sunspot …

the wage income, local indeterminacy of equilibria cannot occur with capital externalities alone but that it can occur …, local indeterminacy occurs in a Cobb-Douglas economy. Finally, we show that, as a consequence of our restriction on first …