Browsing Department of Economics (ECO) by Subject "C62"

DSpace/Manakin Repository

Browsing Department of Economics (ECO) by Subject "C62"

Sort by: Order: Results:

  • Icon
    Title: Sunspots and Multiplicity  Author(s): HOELLE, Matthew Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: This paper proves that a multiplicity of certainty equilibria is not necessary for the existence of sunspot effects in two-period general equilibrium models with incomplete markets. Sunspot effects are present, by definition, ...
  • Icon
    Title: Can Stabilization Policies Be Efficient?  Author(s): SAIDI, Aurélien Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper makes use of optimal control relaxed problems to prove the absence of optimal trajectory in continuous time models with social increasing returns to scale where indeterminacy occurs. Although an efficient optimal ...