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Indeterminacy, sunspots, and development traps

  • Slobodyan, Sergey

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File URL: http://www.sciencedirect.com/science/article/B6V85-4BT19PR-5/2/83d257076a6d92a257cf6ce7244c743c
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Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 29 (2005)
Issue (Month): 1-2 (January)
Pages: 159-185

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Handle: RePEc:eee:dyncon:v:29:y:2005:i:1-2:p:159-185
Contact details of provider: Web page: http://www.elsevier.com/locate/jedc

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  1. Azariadis, Costas, 1981. "Self-fulfilling prophecies," Journal of Economic Theory, Elsevier, vol. 25(3), pages 380-396, December.
  2. Spear, Stephen E., 1991. "Growth, externalities, and sunspots," Journal of Economic Theory, Elsevier, vol. 54(1), pages 215-223, June.
  3. Sergey Slobodyan, 2002. "Welfare Implications of Sunspot Fluctuations," CERGE-EI Working Papers wp204, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
  4. Benhabib, J. & Farmer, R.E.A, 1991. "Indeterminacy and Increasing Returns," Papers 165, Cambridge - Risk, Information & Quantity Signals.
  5. Baland, Jean-Marie & Francois, Patrick, 1996. "Innovation, monopolies and the poverty trap," Journal of Development Economics, Elsevier, vol. 49(1), pages 151-178, April.
  6. Drugeon, Jean-Pierre & Wigniolle, Bertrand, 1996. "Continuous-Time Sunspot Equilibria and Dynamics in a Model of Growth," Journal of Economic Theory, Elsevier, vol. 69(1), pages 24-52, April.
  7. Schmitt-Grohe, Stephanie & Uribe, Martin, 1997. "Balanced-Budget Rules, Distortionary Taxes, and Aggregate Instability," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 976-1000, October.
  8. Jordi Galí & Fabrizio Zilibotti, 1993. "Endogenous growth and poverty traps in a Cournotian model," Economics Working Papers 65, Department of Economics and Business, Universitat Pompeu Fabra.
  9. Drugeon, Jean-Pierre & Venditti, Alain, 2001. "Intersectoral external effects, multiplicities & indeterminacies," Journal of Economic Dynamics and Control, Elsevier, vol. 25(5), pages 765-787, May.
  10. Perli, Roberto, 1998. "Increasing returns, home production and persistence of business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 22(4), pages 519-543, April.
  11. Skiba, A K, 1978. "Optimal Growth with a Convex-Concave Production Function," Econometrica, Econometric Society, vol. 46(3), pages 527-39, May.
  12. Roger E.A. Farmer & Jang Ting Guo, 1992. "Real Business Cycles and the Animal Spirits Hypothesis," UCLA Economics Working Papers 680, UCLA Department of Economics.
  13. Azariadis, Costas & Drazen, Allan, 1990. "Threshold Externalities in Economic Development," The Quarterly Journal of Economics, MIT Press, vol. 105(2), pages 501-26, May.
  14. John Duffy & Eric O'N. Fisher, 2005. "Sunspots in the Laboratory," American Economic Review, American Economic Association, vol. 95(3), pages 510-529, June.
  15. Woodford, Michael, 1986. "Stationary sunspot equilibria in a finance constrained economy," Journal of Economic Theory, Elsevier, vol. 40(1), pages 128-137, October.
  16. Grandmont Jean-michel, 1985. "Stabilizing competitive business cycles," CEPREMAP Working Papers (Couverture Orange) 8518, CEPREMAP.
  17. Duffy John, 1994. "On Learning and the Nonuniqueness of Equilibrium in an Overlapping Generations Model with Fiat Money," Journal of Economic Theory, Elsevier, vol. 64(2), pages 541-553, December.
  18. Slobodyan Sergey, 2001. "On Impossibility of Limit Cycles in Certain Two-Dimensional Continuous-Time Growth Mode," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 5(1), pages 1-9, April.
  19. Azariadis, Costas, 1996. " The Economics of Poverty Traps: Part One: Complete Markets," Journal of Economic Growth, Springer, vol. 1(4), pages 449-96, December.
  20. Roger E.A. Farmer, 1994. "The Econometrics of Indeterminacy: An Applied Study," UCLA Economics Working Papers 720, UCLA Department of Economics.
  21. Guo, Jang-Ting, 1999. "Multiple equilibria and progressive taxation of labor income," Economics Letters, Elsevier, vol. 65(1), pages 97-103, October.
  22. Gali, Jordi, 1995. "Product diversity, endogenous markups, and development traps," Journal of Monetary Economics, Elsevier, vol. 36(1), pages 39-63, August.
  23. Woodford, Michael, 1990. "Learning to Believe in Sunspots," Econometrica, Econometric Society, vol. 58(2), pages 277-307, March.
  24. Bullard, James & Cho, In-Koo, 2005. "Escapist policy rules," Journal of Economic Dynamics and Control, Elsevier, vol. 29(11), pages 1841-1865, November.
  25. Wen, Yi, 1998. "Capacity Utilization under Increasing Returns to Scale," Journal of Economic Theory, Elsevier, vol. 81(1), pages 7-36, July.
  26. Spear, Stephen E. & Srivastava, Sanjay & Woodford, Michael, 1990. "Indeterminacy of stationary equilibrium in stochastic overlapping generations models," Journal of Economic Theory, Elsevier, vol. 50(2), pages 265-284, April.
  27. Kiminori Matsuyama, 1990. "Increasing Returns, Industrialization and Indeterminacy of Equilibrium," Discussion Papers 878, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  28. Evans, George W. & Honkapohja, Seppo, 1999. "Learning dynamics," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 7, pages 449-542 Elsevier.
  29. Jordi Galí, 1993. "Monopolistic competition, endogenous markups and growth," Economics Working Papers 44, Department of Economics and Business, Universitat Pompeu Fabra.
  30. Flam, Sjur Didrik & Mirman, Leonard J., 1998. "Groping for optimal growth," Journal of Economic Dynamics and Control, Elsevier, vol. 23(2), pages 191-207, September.
  31. Zhang, Junxi, 2000. "Public services, increasing returns, and equilibrium dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 24(2), pages 227-246, February.
  32. Alfred Greiner & Willi Semmler, 1996. "Multiple steady states, indeterminacy, and cycles in a basic model of endogenous growth," Journal of Economics, Springer, vol. 63(1), pages 79-99, February.
  33. Packalen, M., 2000. "On the Learnability of Rational Expectations Equilibria in Three Business Cycle Models," University of Helsinki, Department of Economics 87, Department of Economics.
  34. Sergey Slobodyan, 2001. "Sunspot Fluctuations: A Way Out of the Development Trap?," Macroeconomics 0106001, EconWPA.
  35. Gans, Joshua S., 1998. "Time Lags and Indicative Planning in a Dynamic Model of Industrialization," Journal of the Japanese and International Economies, Elsevier, vol. 12(2), pages 103-130, June.
  36. Lucas, Robert E, Jr, 1986. "Adaptive Behavior and Economic Theory," The Journal of Business, University of Chicago Press, vol. 59(4), pages S401-26, October.
  37. Russell, Thomas & Zecevic, Aleksandar, 1998. "Lyapunov stability, regions of attraction, and indeterminate growth paths," Economics Letters, Elsevier, vol. 58(3), pages 319-324, March.
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