ダウンロード数: 274
| タイトル: | Sunspot-Driven Business Cycles: An Overview |
| 著者: | Mino, Kazuo |
| キーワード: | equilibrium indeterminacy business cycles sunspots extrinsic uncertainty |
| 発行日: | Jun-2017 |
| 出版者: | Institute of Economic Research, Kyoto University |
| 誌名: | KIER Discussion Paper |
| 巻: | 973 |
| 開始ページ: | 1 |
| 終了ページ: | 47 |
| 抄録: | This paper reviews the real the real business cycle models that display equilibrium indeterminacy. We rst summarize the main ndings in the seminal contributions by Benhabib and Farmer (1994) and Farmer and Guo (1994). We then discuss the relevant extinctions of the baseline model explored in the last two decades. We also refer to the recent development in the eld after the global nancial crisis of 2007-2008. |
| URI: | http://hdl.handle.net/2433/226994 |
| 出現コレクション: | KIER Discussion Paper (英文版) |
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