Advances in Japanese Business and Economics

Mino, Kazuo

Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules.  The book also considers equilibrium indeterminacy in open economy models. 

Details

Published by: Springer

Publication Date: 2018-08-15

Format: Paperback

ISBN-13: 9784431566670

DOI: 10.1007/978-4-431-55609-1

Dimensions: 235cm x155cm

Pages: 230