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Confidence spillovers, financial contagion, and stagnation

Platonov, Konstantin - In: Journal of international money and finance 148 (2024), pp. 1-22

Persistent link: https://www.econbiz.de/10015076270

Expectations, self-fulfilling prophecies and the business cycle

Dufourt, Frédéric; Nishimura, Kazuo; Venditti, Alain - 2022 - Revised: October 2022

Persistent link: https://www.econbiz.de/10013549413

Product scope and endogenous fluctuations

Pavlov, Oscar; Weder, Mark - 2015

Persistent link: https://www.econbiz.de/10010528642

Multi-product firms and increasing marginal costs

Pavlov, Oscar - In: Journal of economic dynamics & control 133 (2021), pp. 1-18

Persistent link: https://www.econbiz.de/10014535144

Self-fulfilling debt crises, fiscal policy and investment

Galli, Carlo - 2019

Persistent link: https://www.econbiz.de/10012172676

Continua of underemployment equilibria

DREZE, Jacques H.; HERINGS, P. Jean-Jacques - Center for Operations Research and Econometrics (CORE), … - 1998

In this paper the existence of unemployment is partly explained as being the result of coordination failures. This is achieved by considering a standard general equilibrium model and splitting the set of commodities in two groups. The first group contains commodities like gold. The prices of...

Persistent link: https://www.econbiz.de/10005008548

A generalized approach to indeterminacy in linear rational expectations models

Bianchi, Francesco; Nicolò, Giovanni - In: Quantitative economics : QE ; journal of the … 12 (2021) 3, pp. 843-868

We propose a novel approach to deal with the problem of indeterminacy in linear rational expectations models. The … number of explosive roots in presence of indeterminacy. The solution in this expanded state space, if it exists, is always … and any degree of indeterminacy, and it can be implemented even when the boundaries of the determinacy region are unknown …

Persistent link: https://www.econbiz.de/10012598516

A generalized approach to indeterminacy in linear rational expectations models

Bianchi, Francesco; Nicolò, Giovanni - 2019

We propose a novel approach to deal with the problem of indeterminacy in Linear Rational Expectations models. The … number of explosive roots in presence of indeterminacy. The solution in this expanded state space, if it exists, is always … and any degree of indeterminacy, and it can be implemented even when the boundaries of the determinacy region are unknown …

Persistent link: https://www.econbiz.de/10012181061

A micro foundational episode of the early history of macroeconomics : a 1932 debate on Walrasian economics and multiple equilibria

Assous, Michaël; Carret, Vincent - 2023

This paper documents an early fork in the development of macroeconomics, by examining a debate between the Dutch economists Jan Tinbergen and Johan Koopmans. In a 1932 paper, Tinbergen argued that two firms could be stuck in a “bad” equilibrium in the absence of a coordinated action to...

Persistent link: https://www.econbiz.de/10014474723

Recursive equilibrium in Krusell and Smith (1998)

Cao, Dan Vu - 2018

This paper uses the tools developed in the literature on dynamically incomplete markets with finite agents to study the large economy with a continuum of agents and both aggregate and idiosyncratic shocks in Krusell and Smith (1998). It establishes the existence of sequential competitive...

Persistent link: https://www.econbiz.de/10011919029