data under the progressive taxation regime (1993-2007), the economy exhibits equilibrium indeterminacy. These results are …

progressive taxation regime (1993-2007), the economy exhibits equilibrium indeterminacy due to the presence of non …

.g., Vasilev (2009), when the economy features saddle-path stability, the presence of a second sector leads to equilibrium … indeterminacy in the model. When public sector production adds to private sector output, the setup exhibits "sink" dynamics, and …

-path stability, the habit motive alone leads to equilibrium indeterminacy in the model. When habits enter multiplicatively in the …

data under the progressive taxation regime (1993- 2007), the economy exhibits equilibrium indeterminacy. These results are …

progressive taxation regime (1993-2007), the economy ex- hibits equilibrium indeterminacy due to the presence of non …