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Growth and Business Cycles with Equilibrium Indeterminacy
Language: en
Pages: 230
Authors: Kazuo Mino
Categories: Business & Economics
Type: BOOK - Published: 2017-07-11 - Publisher: Springer

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Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cyc
Business Cycle Models with Indeterminacy
Language: en
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Authors: Mark Weder
Categories: Business & Economics
Type: BOOK - Published: 2012-12-06 - Publisher: Springer Science & Business Media

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Three original models which explain business cycles as a result of self-fulfilling expectations are presented. The models are founded on the structure of dynami
Nonlinear Dynamics in Equilibrium Models
Language: en
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Authors: John Stachurski
Categories: Business & Economics
Type: BOOK - Published: 2012-01-25 - Publisher: Springer Science & Business Media

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Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic research. Since the 1970s, the technique
Growth Cycles
Language: en
Pages: 62
Authors: George W. Evans
Categories: Business cycles
Type: BOOK - Published: 1996 - Publisher:

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We construct a rational expectations model in which aggregate growth alternates between a low growth and a high growth state. When all agents expect growth to b
Frontiers of Business Cycle Research
Language: en
Pages: 452
Authors: Thomas F. Cooley
Categories: Business & Economics
Type: BOOK - Published: 1995-02-26 - Publisher: Princeton University Press

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This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Pr