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 …
