Adjustment costs and indeterminacy in perfect foresight models

DOI10.1016/0165-1889(93)00773-WzbMath0875.90105OpenAlexW1965616898MaRDI QIDQ1349570

Christophre Georges

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(93)00773-w

zbMATH Keywords

Adjustment costsIndeterminacyPerfect foresight

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (4)

Investment cycles ⋮ Adjustment costs, learning, and indeterminacy ⋮ Imperfect competition and indeterminacy of aggregate output ⋮ Working hours reduction and wage contracting style in a dynamic model with labor adjustment costs

Cites Work

• Staggered updating in an artificial financial market
• Dynamic determinacy and the existence of sunspot equilibria
• The definition of stability in models with perfect foresight
• Comparative Statics and Perfect Foresight in Infinite Horizon Economies
• On Models of Money and Perfect Foresight
• The Solution of Linear Difference Models under Rational Expectations
• The Stability of Steady States in Perfect Foresight Models
• Money and Growth: The Case of Long Run Perfect Foresight

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