Indeterminacy and business-cycle fluctuations in a two-sector monetary economy with externalities

DOI10.1080/10236190902850589zbMath1180.91208OpenAlexW2108886856MaRDI QIDQ3644273

Kazuo Nishimura, Alain Venditti, Stefano Bosi

Publication date: 3 November 2009

Published in: Journal of Difference Equations and Applications (Search for Journal in Brave)

Full work available at URL: https://halshs.archives-ouvertes.fr/halshs-00432268/file/DT2009-26.pdf

zbMATH Keywords

indeterminacysector-specific externalitiessunspot equilibriamoney-in-the-utility-functiontwo-sector economyperiod-two cycles

Mathematics Subject Classification ID

Multisectoral models in economics (91B66) Economic dynamics (91B55)

Cites Work

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• Self-fulfilling prophecies
• Indeterminacy and sunspots with constant returns
• Monetary policy and price level determinacy in a cash-in-advance economy
• Indeterminacy in discrete-time infinite-horizon models with non-linear utility and endogenous labor

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