- Presents an extensive, comprehensive survey of indeterminacy and sunspots in real business cycle models
- Discusses indeterminacy in endogenous growth models in detail
- Examines the latest research on indeterminacy in open-economy models and in models with financial frictions
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- About this book
-
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 stabilization effects of fiscal and monetary policy rules. The book also considers equilibrium indeterminacy in open economy models.
- About the authors
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Kazuo Mino is a professor of Economics at Doshisha University and a professor emeritus of Kyoto University. He is the former president of the Japanese Economic Association and the former editor of the Japanese Economic Review. Prior to joining Doshisha University, he worked at Hiroshima, Tohoku, Kobe and Osaka Universities as well as at Kyoto Institute of Economic Research at Kyoto University. Mino has published extensively on various topics in macroeconomic theory including growth and business cycle models, monetary and fiscal policies and open economy macroeconomics.
- Table of contents (7 chapters)
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Introduction
Pages 1-18
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Indeterminacy in Real Business Cycle Models
Pages 19-54
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Indeterminacy in Endogenous Growth Models
Pages 55-92
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Growth Models with Multiple Steady States
Pages 93-120
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Stabilization Effects of Policy Rules
Pages 121-158
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Table of contents (7 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- Growth and Business Cycles with Equilibrium Indeterminacy
- Authors
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- Kazuo Mino
- Series Title
- Advances in Japanese Business and Economics
- Series Volume
- 13
- Copyright
- 2017
- Publisher
- Springer Japan
- Copyright Holder
- Springer Japan KK
- eBook ISBN
- 978-4-431-55609-1
- DOI
- 10.1007/978-4-431-55609-1
- Hardcover ISBN
- 978-4-431-55608-4
- Softcover ISBN
- 978-4-431-56667-0
- Series ISSN
- 2197-8859
- Edition Number
- 1
- Number of Pages
- XI, 230
- Number of Illustrations
- 22 b/w illustrations
- Topics
