Brito, Paulo; da Costa, Luis Filipe Pereira; Dixon, Huw … - 2016
We present conditions for the emergence of singularities in DGE models. We distinguish between slow-fast and impasse … impasse singularities can generate new types of DGE dynamics, in particular temporary determinacy/indeterminacy. We illustrate … the different nature of the two types of singularities and apply our results to two simple models: the Benhabib and Farmer …