public spending subject to congestion. As was shown earlier by Wen 1998, variable capacity utilization leads to indeterminacy … parameters. More progressive tax schedule increases the area of indeterminacy at the expense of the absolute instablity region …

a small time-to-build delay rules out local indeterminacy. …

The possibility of indeterminacy and sunspot fluctuations in dynamic rational expectations models has been often …, indeterminacy typically prevails for an arbitrarily small amplitude of the liquidity constraint. We also analyze the cyclical …

congestion, combined with variable capital utilization, can lead to indeterminacy at very low degrees of social increasing …

only in the case of equilibrium price indeterminacy in intertemporal sequential models. First it will be shown that this … kind of indeterminacy arises from an arbitrary use of the tendency to a uniform rate of return on the supply prices of … theory of value and distribution, no price or Sraffian indeterminacy will result. Finally, we will argue that Mandler …