Arbeitspapier
Indeterminacy in the small open economy Ramsey growth model
This paper constructs a small open economy version of the two sector Benhabib-Farmer (1996) indeterminacy model. It can be shown that sunspot equilibria arise at significantly lower magnitude of increasing returns to scale than in the original dosed economy model. Furthermore, if a mix of externalities across sectors is admitted, indeterminacy can be obtained even with decreasing aggregate returns to scale.
- Language
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Englisch
- Bibliographic citation
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Series: SFB 373 Discussion Paper ; No. 1999,30
- Classification
-
Wirtschaft
Business Fluctuations; Cycles
- Event
-
Geistige Schöpfung
- (who)
-
Weder, Mark
- Event
-
Veröffentlichung
- (who)
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Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
- (where)
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Berlin
- (when)
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1999
- Handle
- URN
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urn:nbn:de:kobv:11-10056293
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Weder, Mark
- Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
Time of origin
- 1999
Other Objects (12)
Indeterminacy in the Small Open Economy Ramsey Growth Model
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Time consistent fiscal policies in a Ramsey economy
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Financial liberalization in a small open economy
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Indeterminacy in the Small Open Economy Ramsey Growth Model
An Open-Economy Ramsey-Cass-Koopmans Model in Reduced Form
Closing small open economy models
On the indeterminacy of determinacy and indeterminacy
On the indeterminacy of determinacy and indeterminacy
Essays on small open economy macroeconomics
Time consistent fiscal policies in a Ramsey economy
Ramsey’s conditionals
Financial liberalization in a small open economy
Nominal growth of a small open economy
The City as a Small Open Economy
Status seeking in the small open economy
Indeterminacy in the Small Open Economy Ramsey Growth Model
An Open-Economy Ramsey-Cass-Koopmans Model in Reduced Form
Closing small open economy models
On the indeterminacy of determinacy and indeterminacy
On the indeterminacy of determinacy and indeterminacy
Essays on small open economy macroeconomics
Time consistent fiscal policies in a Ramsey economy
Ramsey’s conditionals
Financial liberalization in a small open economy
Nominal growth of a small open economy
The City as a Small Open Economy