Sunspot equilibria in a monetary real business cycle model

Research output: Journal contributionsJournal articlesResearchpeer-review

Standard

Sunspot equilibria in a monetary real business cycle model. / Heinemann, Maik; Marchlewitz, Gilbert.
In: Economics Letters, Vol. 53, No. 3, 01.12.1996, p. 305-310.

Research output: Journal contributionsJournal articlesResearchpeer-review

Harvard

APA

Vancouver

Heinemann M, Marchlewitz G. Sunspot equilibria in a monetary real business cycle model. Economics Letters. 1996 Dec 1;53(3):305-310. doi: 10.1016/s0165-1765(96)00934-2

Bibtex

@article{3b958f45efe744d6ade44ba4be8573bc,
title = "Sunspot equilibria in a monetary real business cycle model",
abstract = "In this paper a modification of the cash-in-advance real business cycle model is introduced in which the possibility of any credit contract is excluded. We show that for some parameter settings the model displays familiar saddle-point stability whereas for other constellations the steady state is a sink. In those cases, sunspot solutions are obtained.",
keywords = "Real business cycles, Sunspots, Economics",
author = "Maik Heinemann and Gilbert Marchlewitz",
year = "1996",
month = dec,
day = "1",
doi = "10.1016/s0165-1765(96)00934-2",
language = "English",
volume = "53",
pages = "305--310",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier B.V.",
number = "3",

}

RIS

TY - JOUR

T1 - Sunspot equilibria in a monetary real business cycle model

AU - Heinemann, Maik

AU - Marchlewitz, Gilbert

PY - 1996/12/1

Y1 - 1996/12/1

N2 - In this paper a modification of the cash-in-advance real business cycle model is introduced in which the possibility of any credit contract is excluded. We show that for some parameter settings the model displays familiar saddle-point stability whereas for other constellations the steady state is a sink. In those cases, sunspot solutions are obtained.

AB - In this paper a modification of the cash-in-advance real business cycle model is introduced in which the possibility of any credit contract is excluded. We show that for some parameter settings the model displays familiar saddle-point stability whereas for other constellations the steady state is a sink. In those cases, sunspot solutions are obtained.

KW - Real business cycles

KW - Sunspots

KW - Economics

UR - http://www.scopus.com/inward/record.url?scp=0030299460&partnerID=8YFLogxK

U2 - 10.1016/s0165-1765(96)00934-2

DO - 10.1016/s0165-1765(96)00934-2

M3 - Journal articles

VL - 53

SP - 305

EP - 310

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 3

ER -

Recently viewed

Publications

  1. B7-H1 Selectively Controls TH17 Differentiation and Central Nervous System Autoimmunity via a Novel Non-PD-1-Mediated Pathway
  2. Similar factors underlie tree abundance in forests in native and alien ranges
  3. Propagation of particles injected from interplanetary shocks
  4. Bifurcation loads of circular curved beams of glued-laminated timber with continuous lateral support
  5. MICSIM-4J - A General Microsimulation Model
  6. Analysis of observability of a differential equation system describing a synchronous electromagnetic drive
  7. Associations between the financial and industry expertise of audit committee members and Key Audit Matters within related audit reports
  8. Microstructure and hardness evolution of laser metal deposited AA5087 wall-structures
  9. The multi-criteria effectiveness evaluation of the robotic group based on 3D real-time vision system
  10. The ESBW Short Scale A Test for Assessing Teachers’ Standards-Based Educational Knowledge
  11. Intra-specific leaf trait responses to species richness at two different local scales
  12. Traits of butterfly communities change from specialist to generalist characteristics with increasing land-use intensity
  13. Abnormal extrusion texture and reversed yield asymmetry in a Mg–Y-Sm-Zn-Zr alloy
  14. Microstructure and creep properties of MEZ magnesium alloy processed by thixocasting
  15. Efficient Classification of Images with Taxonomies
  16. Anisotropic wavelet bases and thresholding
  17. Recent developments in the manufacture of complex components by influencing the material flow during extrusion
  18. Sensitivity of trace-element analysis by X-ray emission induced by 0.1-10 MeV electrons
  19. An extended kalman filter for temperature monitoring of a metal-polymer hybrid fibre based heater structure
  20. Revisiting Carbon Disclosure and Performance
  21. Aluminium-rich coring structures in Mg-Al alloys with carbon inoculation
  22. An EEG frequency tagging study on biological motion perception in children with DCD
  23. The Cox ring of the space of complete rank two collineations
  24. Microstructure, mechanical and corrosion properties of Mg-Gd-Zn alloys
  25. Peer Evaluation Can Reliably Measure Local Knowledge
  26. Helping to improve suggestion systems
  27. Study on Mg–Si–Sr ternary alloys for biomedical applications
  28. Robust Current Decoupling in a Permanent Magnet Motor Combining a Geometric Method and SMC