Sunspot fluctuations in dynamics with predetermined variables

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)

Abstract

In this paper, I study the existence of Sunspot Equilibria in a general framework whose dynamics allow for the presence of predetermined variables in the system. The main motivation for this research comes from the fact that previous studies did not allow for such predetermined variables which, nevertheless, appear quite naturally in economic models. I show, for a non-negligible subset of dynamics with predetermined variables verifying usual assumptions, the existence of Stationary Sunspot Equilibria fluctuating between an arbitrary finite number of states arbitrarily close to a steady state.

Original languageEnglish
Pages (from-to)483-495
Number of pages13
JournalEconomic Theory
Volume10
Issue number3
DOIs
Publication statusPublished - 1997
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Sunspot fluctuations in dynamics with predetermined variables'. Together they form a unique fingerprint.

Cite this