Continuous-Time Sunspot Equilibria and Dynamics in a Model of Growth
Continuous-Time Sunspot Equilibria and Dynamics in a Model of Growth
复制标题
生长模型中的连续时间太阳黑子平衡和动力学
DOI：
10.1006/jeth.1996.0036
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发表时间：
1996
影响因子：
1.6
通讯作者：
B. Wigniolle
中科院分区：
文献类型：
--
作者：
Jean;B. Wigniolle
摘要 本文关注连续时间生长环境中太阳黑子平衡的存在。它为自我实现预言文献带来了替代方法：连续时间、全局动态和非平稳性。使用连续时间方法的主要贡献是可以完全理解非平稳经济中这些随机均衡的全局动态特性。在这个模型中，增长率的波动是通过自我实现的预言机制发生的。经济文献杂志分类号：E12、E32、O41。
Abstract This article is concerned with the existence of sunspot equilibria in a continuous-time growth setting. It brings alternative approaches in the self-fulfilling prophecies literature: continuous time, global dynamics, and non-stationarity. The main contribution of the use of continuous-time methods is to allow for a complete understanding of the global dynamical properties of these stochastic equilibria within a non-stationary economy. In this model, fluctuations in growth rates occur through a self-fulfilling prophecies mechanism. Journal of Economic Literature Classification Numbers: E12, E32, O41.