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Indeterminacy, sunspots, and development traps

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  • Slobodyan, Sergey

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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. Gali, Jordi, 1994. "Monopolistic competition, endogenous markups, and growth," European Economic Review, Elsevier, vol. 38(3-4), pages 748-756, April.
  2. 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.
  3. Benhabib Jess & Farmer Roger E. A., 1994. "Indeterminacy and Increasing Returns," Journal of Economic Theory, Elsevier, vol. 63(1), pages 19-41, June.
  4. Bullard, James & Cho, In-Koo, 2003. "Escapist policy rules," CFS Working Paper Series 2003/38, Center for Financial Studies (CFS).
  5. Grandmont, Jean-Michel, 1986. "Stabilizing competitive business cycles," Journal of Economic Theory, Elsevier, vol. 40(1), pages 57-76, October.
  6. Baland, Jean-Marie & Francois, Patrick, 1996. "Innovation, monopolies and the poverty trap," Journal of Development Economics, Elsevier, vol. 49(1), pages 151-178, April.
  7. Gali, Jordi, 1995. "Product Diversity, Endogenous Markups and Development Traps," Working Papers 95-09, C.V. Starr Center for Applied Economics, New York University.
  8. Woodford, Michael, 1986. "Learning to Believe in Sunspots," Working Papers 86-16, C.V. Starr Center for Applied Economics, New York University.
  9. Azariadis, Costas, 1981. "Self-fulfilling prophecies," Journal of Economic Theory, Elsevier, vol. 25(3), pages 380-396, December.
  10. Farmer Roger E. A. & Guo Jang-Ting, 1994. "Real Business Cycles and the Animal Spirits Hypothesis," Journal of Economic Theory, Elsevier, vol. 63(1), pages 42-72, June.
  11. Wen, Yi, 1998. "Capacity Utilization under Increasing Returns to Scale," Journal of Economic Theory, Elsevier, vol. 81(1), pages 7-36, July.
  12. Sergey Slobodyan, 2001. "Sunspot Fluctuations: A Way Out of the Development Trap?," Macroeconomics 0106001, EconWPA.
  13. 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.
  14. Farmer, Roger E. A. & Jang-Ting, Guo, 1995. "The econometrics of indeterminacy: an applied study," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 43(1), pages 225-271, December.
  15. Sergey Slobodyan, 2002. "Welfare Implications of Sunspot Fluctuations," CERGE-EI Working Papers wp204, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
  16. 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.
  17. Guo, Jang-Ting, 1999. "Multiple equilibria and progressive taxation of labor income," Economics Letters, Elsevier, vol. 65(1), pages 97-103, October.
  18. Kiminori Matsuyama, 1991. "Increasing Returns, Industrialization, and Indeterminacy of Equilibrium," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 617-650.
  19. Lucas, Robert E, Jr, 1986. "Adaptive Behavior and Economic Theory," The Journal of Business, University of Chicago Press, vol. 59(4), pages 401-426, October.
  20. 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.
  21. Spear, Stephen E., 1991. "Growth, externalities, and sunspots," Journal of Economic Theory, Elsevier, vol. 54(1), pages 215-223, June.
  22. Russell, Thomas & Zecevic, Aleksandar, 1998. "Lyapunov stability, regions of attraction, and indeterminate growth paths," Economics Letters, Elsevier, vol. 58(3), pages 319-324, March.
  23. Costas Azariadis & Allan Drazen, 1990. "Threshold Externalities in Economic Development," The Quarterly Journal of Economics, Oxford University Press, vol. 105(2), pages 501-526.
  24. Woodford, Michael, 1986. "Stationary sunspot equilibria in a finance constrained economy," Journal of Economic Theory, Elsevier, vol. 40(1), pages 128-137, October.
  25. Zhang, Junxi, 2000. "Public services, increasing returns, and equilibrium dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 24(2), pages 227-246, February.
  26. 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.
  27. Stephanie Schmitt-Grohe & Martin Uribe, 1995. "Balanced-budget rules, distortionary taxes, and aggregate instability," Finance and Economics Discussion Series 95-44, Board of Governors of the Federal Reserve System (U.S.).
  28. 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.
  29. Costas Azariadis, 1996. "The Economics of Poverty Traps Part One: Complete Markets," Working Papers 9606, Centro de Investigacion Economica, ITAM.
  30. Skiba, A K, 1978. "Optimal Growth with a Convex-Concave Production Function," Econometrica, Econometric Society, vol. 46(3), pages 527-539, May.
  31. repec:adr:anecst:y:1995:i:37-38:p:10 is not listed on IDEAS
  32. John Duffy & Eric O'N. Fisher, 2005. "Sunspots in the Laboratory," American Economic Review, American Economic Association, vol. 95(3), pages 510-529, June.
  33. 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.
  34. 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.
  35. 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.
  36. 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.
  37. 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.
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