Animal spirits as an engine of boom-busts and throttle of productivity growth

DOI10.1016/J.JEDC.2015.05.001zbMath1401.91282OpenAlexW1862153874MaRDI QIDQ1657517

Christopher M. Gunn

Publication date: 13 August 2018

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

Full work available at URL: https://ir.library.carleton.ca/pub/414

zbMATH Keywords

multiple equilibriasunspotexpectations-driven business cycleintangible capitalnews shocktechnological adoption

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• Indeterminacy and increasing returns
• Real business cycles and the animal spirits hypothesis
• Indeterminacy with non-separable utility
• Information Technology, Workplace Organization, and the Demand for Skilled Labor: Firm-Level Evidence

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