postwar US macroeconomic data can be explained as the outcome of passive monetary policy, indeterminacy, and sunspot … allowing the parameters to fall both in the determinacy and indeterminacy regions. The estimates reveal large shares of agents … results confirm that macroeconomic data in the early windows are better explained by indeterminacy, while determinacy is …

principle in one regime does not necessarily cause indeterminacy. Second, very different responses to inflation may trigger … indeterminacy even if both regimes satisfy the Taylor principle. Determinacy thus results from the adequacy between monetary regimes …

We propose a novel approach to deal with the problem of indeterminacy in linear rational expectations models. The … number of explosive roots in presence of indeterminacy. The solution in this expanded state space, if it exists, is always … and any degree of indeterminacy, and it can be implemented even when the boundaries of the determinacy region are unknown …

The Type Indeterminacy model is a theoretical framework that uses some elements of quantum formalism to model the … constructive preference perspective suggested by Kahneman and Tversky. In a dynamic decision context, type indeterminacy induces a …

This paper demonstrates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …

) indeterminacy. Hence, expectations matter for resulting equilibrium dynamics. Despite its simplicity, the model creates a rich set … fundamentals in models with indeterminacy. The model is applied to replicate two striking empirical characteristics of …

growth model can be a potential source of local indeterminacy. He also shows that on a high-growth path, the government, by …