Overview
- Presents an extensive, comprehensive survey of indeterminacy and sunspots in real business cycle models
- Discusses indeterminacy in endogenous growth models in detail
- Examines the latest research on indeterminacy in open-economy models and in models with financial frictions
Part of the book series: Advances in Japanese Business and Economics (AJBE, volume 13)
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Table of contents (7 chapters)
Keywords
About this book
Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules. The book also considers equilibrium indeterminacy in open economy models.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Growth and Business Cycles with Equilibrium Indeterminacy
Authors: Kazuo Mino
Series Title: Advances in Japanese Business and Economics
DOI: https://doi.org/10.1007/978-4-431-55609-1
Publisher: Springer Tokyo
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Japan KK 2017
Hardcover ISBN: 978-4-431-55608-4Published: 18 July 2017
Softcover ISBN: 978-4-431-56667-0Published: 15 August 2018
eBook ISBN: 978-4-431-55609-1Published: 11 July 2017
Series ISSN: 2197-8859
Series E-ISSN: 2197-8867
Edition Number: 1
Number of Pages: XI, 230
Number of Illustrations: 22 b/w illustrations
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Growth, Economic Theory/Quantitative Economics/Mathematical Methods