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The Resource Growth and Business Cycles with Equilibrium Indeterminacy

Growth and Business Cycles with Equilibrium Indeterminacy

Label
Growth and Business Cycles with Equilibrium Indeterminacy
Title
Growth and Business Cycles with Equilibrium Indeterminacy
Creator
Subject
Language
eng
Member of
Cataloging source
MiAaPQ
Literary form
non fiction
Nature of contents
dictionaries
Series statement
Advances in Japanese Business and Economics Ser.
Series volume
v.13
Growth and Business Cycles with Equilibrium Indeterminacy
Label
Growth and Business Cycles with Equilibrium Indeterminacy
Link
http://libproxy.rpi.edu/login?url=https://ebookcentral.proquest.com/lib/rpi/detail.action?docID=4910224
Publication
Copyright
Related Contributor
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Related Agents
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Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • "Preface" -- "Contents" -- "About the Author" -- "1 Introduction" -- "1.1 A Brief Overview" -- "1.2 A Univariable Rational Expectations Model" -- "1.2.1 Base Model" -- "1.2.1.1 The Case with a Unique Steady State" -- "1.2.1.2 The Case with Multiple Steady States" -- "1.2.1.3 The Case with a Continuum of Steady States" -- "1.2.2 Fundamental Disturbances" -- "1.3 General Equilibrium Models of the Monetary Economy" -- "1.3.1 Base Model" -- "1.3.2 The Case with a Unique Steady State" -- "1.3.3 The Case with Multiple Steady States" -- "1.3.3.1 Hyper Inflation" -- "1.3.3.2 Taylor Rule" -- "1.3.4 A Model with a Continuum of Steady States" -- "1.4 References and Related Studies" -- "2 Indeterminacy in Real Business Cycle Models" -- "2.1 One-Sector Growth Models with Fixed Labor Supply" -- "2.1.1 A Model with Production Externalities" -- "2.1.2 A Model with Productive Consumption" -- "2.2 The Benhabib-Farmer-Guo Approach" -- "2.2.1 Base Model" -- "2.2.2 Dynamic System" -- "2.2.3 Indeterminacy Conditions" -- "2.2.4 Calibration" -- "2.3 The Source of Indeterminacy" -- "2.3.1 Strategic Complementarity" -- "2.3.2 Intuitive Implication of Indeterminacy Conditions" -- "2.4 Related Issues" -- "2.4.1 Indeterminacy Under Mild Increasing Returns" -- "2.4.1.1 Endogenous Capital Utilization" -- "2.4.1.2 Two-Sector Economy" -- "2.4.2 Preference Structure" -- "2.4.2.1 Non-separable Utility" -- "2.4.2.2 The Role of the Income Effect" -- "2.4.3 Consumption Externalities" -- "2.4.3.1 Basic Idea" -- "2.4.3.2 A Two-Sector Model" -- "2.4.4 News Versus Sunspots" -- "2.4.5 Local Versus Global Indeterminacy" -- "2.5 References and Related Studies" -- "3 Indeterminacy in Endogenous Growth Models" -- "3.1 A One-Sector Model with Social Increasing Returns" -- "3.1.1 Separable Utility" -- "3.1.2 Non-separable Utility" -- "3.2 A Two-Sector Model with Intersectoral Externalities"
  • "3.2.1 Model" -- "3.2.2 Dynamic System" -- "3.2.3 Indeterminacy Conditions" -- "3.3 A Two-Sector Model with Flexible Labor Supply" -- "3.3.1 Model" -- "3.3.2 Dynamic System" -- "3.3.3 Conditions for Indeterminacy" -- "3.3.4 An Alternative Formulation" -- "3.4 Indeterminacy Under Social Constant Returns" -- "3.4.1 Setup" -- "3.4.2 The Dynamic System" -- "3.4.3 Local Dynamics" -- "3.4.4 Conditions for Local Indeterminacy" -- "3.4.5 Intuitive Implication" -- "3.4.6 General Technology and Factor Income Taxation" -- "3.4.6.1 A Generalization" -- "3.4.6.2 Factor Income Taxation" -- "3.5 References and Related Studies" -- "4 Growth Models with Multiple Steady States" -- "4.1 History Versus Expectations" -- "4.2 A Neoclassical Growth Model with Threshold Externalities" -- "4.2.1 Optimal Growth Under a Concave-Convex Production Function" -- "4.2.2 A Model with Threshold Externalities" -- "4.2.3 Model" -- "4.2.4 Steady State Equilibria and Local Dynamics" -- "4.2.5 Patterns of Global Dynamics" -- "4.3 Global Indeterminacy in an Endogenous Growth" -- "4.3.1 Model" -- "4.3.2 Market Equilibrium Conditions" -- "4.3.3 Growth Dynamics" -- "4.3.4 A Simplified System" -- "4.3.5 Local Dynamics" -- "4.3.6 Global Dynamics" -- "4.3.7 Implications" -- "4.4 References and Related Studies" -- "5 Stabilization Effects of Policy Rules" -- "5.1 Fiscal Policy Rules in Real Business Cycle Models" -- "5.1.1 Balanced Budget Rule" -- "5.1.1.1 A Fixed Government Expenditure" -- "5.1.1.2 A Fixed Tax Rate" -- "5.1.1.3 Generalized Rules" -- "5.1.1.4 Consumption Tax" -- "5.1.2 Nonlinear Taxation" -- "5.1.2.1 The Guo and Lansing Formulation" -- "5.1.2.2 Productive Government Spending" -- "5.1.2.3 Utility Generating Government Spending" -- "5.2 Interaction Between Fiscal and Monetary Policies" -- "5.2.1 Model" -- "5.2.1.1 Households" -- "5.2.1.2 Firms" -- "5.2.1.3 Policy Rules"
  • "5.2.1.4 Capital Accumulation" -- "5.2.2 Policy Rules and Macroeconomic Stability" -- "5.2.2.1 Dynamic System" -- "5.2.2.2 Steady State Equilibrium" -- "5.2.2.3 Equilibrium (In)determinacy" -- "5.2.3 Discussion" -- "5.3 Policy Rules in Endogenous Growth Models" -- "5.3.1 Nonlinear Taxation Under Endogenous Growth" -- "5.3.1.1 Setup" -- "5.3.1.2 Taxation Rules and Indeterminacy" -- "5.3.2 Interest-Rate Control Rules Under Endogenous Growth" -- "5.3.2.1 Setup" -- "5.3.2.2 Dynamic System" -- "5.3.2.3 Policy Rules and Aggregate Stability" -- "5.4 References and Related Studies" -- "6 Indeterminacy in Open Economies" -- "6.1 A One-Sector Model of Small Open Economy" -- "6.1.1 Baseline Model" -- "6.1.1.1 Setup" -- "6.1.2 Endogenous Growth" -- "6.2 A Two-Sector Model of Small Open Economy" -- "6.2.1 Production" -- "6.2.2 Households" -- "6.2.3 Equilibrium (In)determinacy" -- "6.2.4 Remarks" -- "6.3 A Two-Country Model with Free Trade of Commodities" -- "6.3.1 Baseline Setting" -- "6.3.2 Global Equilibrium Conditions" -- "6.3.3 Equilibrium Indeterminacy and Patterns of Trade" -- "6.4 A Two-Country Model with Financial Transactions" -- "6.4.1 Setup" -- "6.4.2 Market Equilibrium Conditions and AggregateDynamics" -- "6.4.3 Steady State of the World Economy" -- "6.4.4 Indeterminacy Conditions" -- "6.4.5 Long-Run Wealth Distribution" -- "6.4.6 Non-tradable Consumption Goods" -- "6.4.7 Implication of the Indeterminacy Conditions" -- "6.4.7.1 Free Trade of Commodities" -- "6.4.7.2 Non-tradable Investment Goods" -- "6.4.8 Remarks" -- "6.5 A Two-Country Model with Variable Labor Supply" -- "6.5.1 Model" -- "6.5.1.1 Production" -- "6.5.1.2 Households" -- "6.5.1.3 Market Equilibrium Conditions" -- "6.5.2 Equilibrium Dynamics" -- "6.5.3 Remarks" -- "6.5.3.1 Spillover of Sunspot Shocks" -- "6.5.3.2 Non-seprable Utility" -- "6.5.4 Endogenous Growth"
  • "6.6 References and Related Studies" -- "Appendices" -- "Appendix 1: Proof of Proposition 6.1" -- "Appendix 2: Proof of Proposition 6.2" -- "7 New Directions" -- "7.1 Microfoundations of Keynesian Economics" -- "7.2 Financial Frictions and Bubbles" -- "7.3 Search Frictions" -- "7.4 Agent Heterogeneity" -- "Bibliography" -- "Author Index"
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{'f': 'http://opac.lib.rpi.edu/record=b4393536'}
Extent
1 online resource (240 pages)
Form of item
online
Isbn
9784431556091
Media category
computer
Media MARC source
rdamedia
Media type code
c
Sound
unknown sound
Specific material designation
remote

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