factor-specificproductive external effects arising from average capital and labor. First, we show that indeterminacy cannot … indeterminacy under small externalities and plausible restrictions on the main parameters. Third, we show that the existence of …

In this paper, we study the occurrence of local indeterminacy in two-sector monetary economies. In order to capture the …-Plosser-Rebelo (KPR) [21] formulation. First, we show that for all the three types of preferences, local indeterminacy easily arises under …, determinacy always holds under separable preferences, but local indeterminacy can arise in the case of GHH and KPR preferences. We …

show that when labor is inelastic, for any configuration of the returns to scale, local indeterminacy is obtained if there … indeterminacy arises if the investment good sector has increasing social returns, provided the consumption good is labor intensive …, we show that local indeterminacy requires a low elasticity of labor when the investment good has constant social returns …

We demonstrate the possibility of indeterminacy and non-existence of equilibrium dynamics in a standard business cycle …

the number of terminal date-events. Stickiness of prices implies that this indeterminacy is real. Copyright Springer …

indeterminacy if the OR are not rejected. We investigate the finite sample performance of the suggested two-steps testing strategy … formal support to the hypothesis of a switch from indeterminacy to uniqueness occurred in the late 1970s. …

In this note I discuss the condition for indeterminacy in the context of search models with increasing returns in the …