Cycles, Steady States and Sunspot Equilibrium in Models with Memory
Cycles, Steady States and Sunspot Equilibrium in Models with Memory
dc.creator | Maldonado, Wilfredo Leiva | |
dc.date | 2000-11-02 | |
dc.date.accessioned | 2022-11-03T21:18:14Z | |
dc.date.available | 2022-11-03T21:18:14Z | |
dc.identifier | https://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2757 | |
dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/5047777 | |
dc.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. | en-US |
dc.description | Neste artigo mostro condições necessárias e suficientes para a existência de equilíbrios sunspot Markovianos em vizinhanças de ciclos ou múltiplos estados estacionários em modelos com variáveis defasadas. Estas condições são numericamente testadas em três modelos de crescimento endógeno e prova-se a não existência destes equilíbrios estocásticos em vizinhanças dos ciclos ou múltiplos estados estacionários. | pt-BR |
dc.format | application/pdf | |
dc.language | eng | |
dc.publisher | Sociedade Brasileira de Econometria | en-US |
dc.relation | https://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2757/1691 | |
dc.source | Brazilian Review of Econometrics; Vol. 20 No. 2 (2000); 189-199 | en-US |
dc.source | Brazilian Review of Econometrics; v. 20 n. 2 (2000); 189-199 | pt-BR |
dc.source | 1980-2447 | |
dc.subject | Sunspot equilibrium | en-US |
dc.subject | models with lagged variables | en-US |
dc.subject | cycles and multiple steady states. | en-US |
dc.subject | C62 | en-US |
dc.subject | E32 | en-US |
dc.subject | Sunspot equilibrium | pt-BR |
dc.subject | models with lagged variables | pt-BR |
dc.subject | cycles and multiple steady states. | pt-BR |
dc.subject | C62 | pt-BR |
dc.subject | E32 | pt-BR |
dc.title | Cycles, Steady States and Sunspot Equilibrium in Models with Memory | en-US |
dc.title | Cycles, Steady States and Sunspot Equilibrium in Models with Memory | pt-BR |
dc.type | info:eu-repo/semantics/article | |
dc.type | info:eu-repo/semantics/publishedVersion |