Hu, Yunfang; Mino, Kazuo - Institute of Economic Research, Kyoto University - 2013
presence of equilibrium indeterminacy under alternative trade structures. It is shown that the presence of belief …?driven economic fluctuations caused by equilibrium indeterminacy is closely related to the specified trade structure. If investment … goods are not internationally traded and international lending and borrowing are allowed, then indeterminacy arises in a …