Cycles, Steady States and Sunspot Equilibrium in Models

Detalhes bibliográficos
Autor(a) principal: Maldonado, Wilfredo Leiva
Data de Publicação: 2000
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UCB
Texto Completo: http://twingo.ucb.br:8080/jspui/handle/10869/500
https://repositorio.ucb.br:9443/jspui/handle/123456789/7695
Resumo: In this paper I provide necessary and sufficient conditions for the existence of Markovian sunspot equilibrium around a cycle or multiple steady states in models with lagged variables. These conditions are numerically tested in three endogenous growth models and it is shown the non-existence of these stochastic equilibria in a neighborhood of the cycle or multiple steady states.
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spelling Maldonado, Wilfredo Leiva2016-10-10T03:52:23Z2016-10-10T03:52:23Z2000-11MALDONADO, Wilfredo Leiva. Cycles, steady states and sunspot equilibrium in models with memory. Brazilian Review of Econometrics (Rio de Janeiro), v.20, n. 2, p.189-199, 2000.http://twingo.ucb.br:8080/jspui/handle/10869/500https://repositorio.ucb.br:9443/jspui/handle/123456789/7695In this paper I provide necessary and sufficient conditions for the existence of Markovian sunspot equilibrium around a cycle or multiple steady states in models with lagged variables. These conditions are numerically tested in three endogenous growth models and it is shown the non-existence of these stochastic equilibria in a neighborhood of the cycle or multiple steady states.Made available in DSpace on 2016-10-10T03:52:23Z (GMT). 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dc.title.pt_BR.fl_str_mv Cycles, Steady States and Sunspot Equilibrium in Models
title Cycles, Steady States and Sunspot Equilibrium in Models
spellingShingle Cycles, Steady States and Sunspot Equilibrium in Models
Maldonado, Wilfredo Leiva
Sunspot equilibrium
Models with lagged variables
Cycles and multiple
title_short Cycles, Steady States and Sunspot Equilibrium in Models
title_full Cycles, Steady States and Sunspot Equilibrium in Models
title_fullStr Cycles, Steady States and Sunspot Equilibrium in Models
title_full_unstemmed Cycles, Steady States and Sunspot Equilibrium in Models
title_sort Cycles, Steady States and Sunspot Equilibrium in Models
author Maldonado, Wilfredo Leiva
author_facet Maldonado, Wilfredo Leiva
author_role author
dc.contributor.author.fl_str_mv Maldonado, Wilfredo Leiva
dc.subject.por.fl_str_mv Sunspot equilibrium
Models with lagged variables
Cycles and multiple
topic Sunspot equilibrium
Models with lagged variables
Cycles and multiple
dc.description.abstract.por.fl_txt_mv In this paper I provide necessary and sufficient conditions for the existence of Markovian sunspot equilibrium around a cycle or multiple steady states in models with lagged variables. These conditions are numerically tested in three endogenous growth models and it is shown the non-existence of these stochastic equilibria in a neighborhood of the cycle or multiple steady states.
dc.description.version.pt_BR.fl_txt_mv Sim
dc.description.status.pt_BR.fl_txt_mv Publicado
description In this paper I provide necessary and sufficient conditions for the existence of Markovian sunspot equilibrium around a cycle or multiple steady states in models with lagged variables. These conditions are numerically tested in three endogenous growth models and it is shown the non-existence of these stochastic equilibria in a neighborhood of the cycle or multiple steady states.
publishDate 2000
dc.date.issued.fl_str_mv 2000-11
dc.date.accessioned.fl_str_mv 2016-10-10T03:52:23Z
dc.date.available.fl_str_mv 2016-10-10T03:52:23Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
status_str publishedVersion
format article
dc.identifier.citation.fl_str_mv MALDONADO, Wilfredo Leiva. Cycles, steady states and sunspot equilibrium in models with memory. Brazilian Review of Econometrics (Rio de Janeiro), v.20, n. 2, p.189-199, 2000.
dc.identifier.uri.fl_str_mv http://twingo.ucb.br:8080/jspui/handle/10869/500
https://repositorio.ucb.br:9443/jspui/handle/123456789/7695
identifier_str_mv MALDONADO, Wilfredo Leiva. Cycles, steady states and sunspot equilibrium in models with memory. Brazilian Review of Econometrics (Rio de Janeiro), v.20, n. 2, p.189-199, 2000.
url http://twingo.ucb.br:8080/jspui/handle/10869/500
https://repositorio.ucb.br:9443/jspui/handle/123456789/7695
dc.language.iso.fl_str_mv eng
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eu_rights_str_mv openAccess
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