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Book synopsis

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 relation between fiscal policy and indeterminacy. The book also considers indeterminacy in open economy models as well as in models with financial frictions and price rigidity.

Book details

Book category Books in English Economics, finance, business & management Economics Macroeconomics

• Full title: Growth and Business Cycles with Equilibrium Indeterminacy
• Author: Kazuo Mino
• Language: English
• Binding: Hardback
• Number of pages: 230
• EAN: 9784431556084
• ISBN: 4431556087
• ID: 09256126
• Publisher: Springer Verlag, Japan
• Weight: 510 g
• Dimensions: 166 × 243 × 19 mm
• Date of publishing: 18. July 2017

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