When analyzing a dynamic economic model, one fundamental question is are the dynamics simple or chaotic? Inverse limits, as an area of topology, has its origins in the 1920s and since the 1950s has been very useful as a means of constructing "pathological" continua. However, since the 1980s,...

Abstract Some macroeconomic models may exhibit a type of indeterminacy known as Euler equation branching (e.g., the one-sector growth model with a production externality). The dynamics in such models are governed by a differential inclusion , where H is a set-valued function. In this paper, we...