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.
Product Identifiers
Publisher
Springer Verlag, Japan
ISBN-13
9784431556084
eBay Product ID (ePID)
238229294
Product Key Features
Author
Kazuo Mino
Publication Name
Growth and Business Cycles with Equilibrium Indeterminacy