Admiration is a source of indeterminacy

Been Lon Chen*, Mei Hsu

*此作品的通信作者

研究成果: 雜誌貢獻期刊論文同行評審

23 引文 斯高帕斯(Scopus)

摘要

Are consumption externalities sources of indeterminacy? The answer is negative in conventional wisdom. This paper shows consumption externalities establish local indeterminacy if the degree of decreasing impatience is sufficiently large. Dynamic models with indeterminacy are valuable as they tend to explain economic fluctuations without relying on exogenous shocks and question interpretation of simple estimation obtained by pooling data, among others.

原文英語
頁(從 - 到)96-103
頁數8
期刊Economics Letters
95
發行號1
DOIs
出版狀態已發佈 - 2007 四月
對外發佈

ASJC Scopus subject areas

  • 金融
  • 經濟學與計量經濟學

指紋

深入研究「Admiration is a source of indeterminacy」主題。共同形成了獨特的指紋。

引用此