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Sunspots and Non-Linear Dynamics

Sunspots and Non-Linear Dynamics

Essays in Honor of Jean-Michel Grandmont

by Alain VendittiNicholas C. Yannelis and Kazuo Nishimura
Hardback
Publication Date: 16/12/2016

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I. Self-fulfilling Expectations and Sunspots.- Assessing the Local Stability Properties of Discrete Three-Dimensional Dynamical Systems: a Geometrical Approach with Triangles and Planes & an Application with some Cones.- From Sunspots to Black Holes: Singular Dynamics in Macroeconomic Models.- Sunspot Fluctuations in Two-Sector Models with Variable Income Effects.- A Survey on Self-Fulfilling Mistakes.- Regime-Switching Sunspot Equilibria in a One-Sector Growth Model with Aggregate Decreasing Returns and Small Externalities.- Equilibrium Dynamics in a Two-Sector OLG Model with Liquidity Constraint.- Sunspots and Homoclinic Bifurcations in Continuous-Time Endogenous Growth Models.- II. Bubbles and Stabilizing Policy.- Rational Land and Housing Bubbles in Infinite-Horizon Economies.- The Stabilizing Virtues of Monetary Policy on Endogenous Bubble Fluctuations.- Can Consumption Taxes Stabilize the Economy in the Presence of Consumption Externalities?.- III. Growth.- Uncertainty and Sentiment-Driven Equilibria.- Technological Progress, Employment and the Lifetime of Capital.- Nonbalanced Growth in a Neoclassical Two-sector Optimal Growth Model.- IV. General Equilibrium.- An Argument for Positive Nominal Interest.- Winners and Losers from Price-Level Volatility: Money Taxation and Information Frictions.- A Note on Information, Trade and Common Knowledge.

ISBN:
9783319440743
9783319440743
Category:
Development economics & emerging economies
Format:
Hardback
Publication Date:
16-12-2016
Language:
English
Publisher:
Springer
Country of origin:
United States
Dimensions (mm):
235x155mm
Weight:
0.97kg

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