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Government Spending Shocks and Rule-Of-Thumb Consumers: The Role of Steady State Inequality

Natvik, Gisle James - 2010

redistributed across households in steady state. Inequality leads to equilibrium indeterminacy and undermines the theoretical …

Persistent link: https://www.econbiz.de/10012143748

Market allocations under ambiguity: A survey

Billot, Antoine; Mukerji, Sujoy; Tallon, Jean-Marc - 2019

We review some of the (theoretical) economic implications of David Schmeidler's models of decision under uncertainty (Choquet expected utility and maxmin expected utility) in competitive market settings. We start with the portfolio inertia result of Dow and Werlang (1992), show how it does or...

Persistent link: https://www.econbiz.de/10012144241

Intra-Industry Trade, Involuntary Unemployment and Macroeconomic Stability

Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor - 2021

indeterminate. After opening the borders, the rigid wage country may export indeterminacy to the full employment country …, particularly if it is big enough. In contrast, when the full employment country is sufficiently big, local indeterminacy, and … fluctuations (associated with local indeterminacy and bifurcations) are possible with smaller externalities, whatever the relative …

Persistent link: https://www.econbiz.de/10012497948

From growth to cycles through beliefs

Gunn, Christopher M. - 2011 - Rev.

Persistent link: https://www.econbiz.de/10009500914

Variety matters

Pavlov, Oscar; Weder, Mark - In: Journal of economic dynamics & control 36 (2012) 4, pp. 629-641

Persistent link: https://www.econbiz.de/10009554330

Learning about monetary policy rules when labor market search and matching frictions matter

Kurozumi, Takushi; Van Zandweghe, Willem - In: Journal of economic dynamics & control 36 (2012) 4, pp. 523-535

Persistent link: https://www.econbiz.de/10009554341

Fixed interest rates over finite horizons

Blake, Andrew P. - 2012

Persistent link: https://www.econbiz.de/10009559814

Forward-looking monetary policy and anticipated shocks to inflation

Kapinos, Pavel - In: Journal of macroeconomics 33 (2011) 4, pp. 620-633

Persistent link: https://www.econbiz.de/10009530449

Technological change and monetary policy in a sticky-price model

Tsuzuki, Eiji; Inoue, Tomohiro - In: Research in economics : an international review of economics 65 (2011) 3, pp. 180-194

Persistent link: https://www.econbiz.de/10009304257

Existence of adaptively stable sunspot equilibria near an indeterminate steady state

Evans, George W.; Honkapohja, Seppo - 2001

We examine the nonlinear model Xt = Et F(xt+1) . Markov SSEs exist near an indeterminate steady state, X = F(X), provided F´(X)> 1. We show that there exist Markov SSEs that are E-stable, and therefore locally stable under adaptive learning, if F´(X)< -1.

Persistent link: https://www.econbiz.de/10011398793