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1997-07-01Buch DOI: 10.18452/3837
Indeterminacy, Business Cycles, and Modest Increasing Returns to Scale
dc.contributor.authorWeder, Mark
dc.date.accessioned2017-06-15T22:18:05Z
dc.date.available2017-06-15T22:18:05Z
dc.date.created2006-06-07
dc.date.issued1997-07-01
dc.identifier.issn1436-1086
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4489
dc.description.abstractIn this paper a dynamic model of monopolistic competition with entry and exit has been presented and examined. It is shown that the model displays indeterminacy at modest degrees of increasing returns in cases where the market power in the consumption goods market and in the investment goods market differs. Furthermore, the model is quite successful in replicating major U.S. business cycle facts. In contrast to existing Real Business Cycle models, the animal spirits model contains a strong endogenous propagation mechanism.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectSunspotseng
dc.subjecttechnology shockseng
dc.subjecteconomic fluctuationseng
dc.subject.ddc330 Wirtschaft
dc.titleIndeterminacy, Business Cycles, and Modest Increasing Returns to Scale
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-10064474
dc.identifier.doihttp://dx.doi.org/10.18452/3837
dc.subject.dnb17 Wirtschaft
local.edoc.pages28
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-year1997
dc.identifier.zdb2135319-0
bua.series.nameSonderforschungsbereich 373: Quantification and Simulation of Economic Processes
bua.series.issuenumber1997,60

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