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Money and prices under uncertainty

Nakajima, Tomoyuki; Polemarchakis, Heraklis M. - In: The review of economic studies 72 (2005) 1, pp. 223-246

Persistent link: https://www.econbiz.de/10002652302

Borrowing constraint and indeterminacy with arbitrarily low returns to scale

Barinci, Jean-Paul; Chéron, Arnaud - In: Market imperfections and macroeconomic dynamics, (pp. 179-190). 2002

Persistent link: https://www.econbiz.de/10001731422

Chapter 6 Indeterminacy and sunspots in macroeconomics

Benhabib, Jess; Farmer, Roger E.A. - In: Handbook of macroeconomics : volume 1, part A, (pp. 387-448). 1999

This chapter gives an overview of the recent literature on indeterminacy and sunspots in macroeconomics. It discusses … effects, monopolistic competition, and increasing returns in generating indeterminacy is explored for one-sector and multi …-sector models of real business cycles and of economic growth. Indeterminacy is also studied in monetary models, as well as in models …

Persistent link: https://www.econbiz.de/10014024244

Chapter 32 Out-of-Equilibrium Economics and Agent-Based Modeling

Arthur, W. Brian - In: Handbook of computational economics : volume 2, …, (pp. 1551-1564). 2006

Standard neoclassical economics asks what agents' actions, strategies, or expectations are in equilibrium with (consistent with) the outcome or pattern these behaviors aggregatively create. Agent-based computational economics enables us to ask a wider question: how agents' actions, strategies,...

Persistent link: https://www.econbiz.de/10014024373