Growth and Business Cycles with Equilibrium Indeterminacy

1. Front Matter

   Pages i-xi

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2. Introduction

   • Kazuo Mino

   Pages 1-18

3. Indeterminacy in Real Business Cycle Models

   • Kazuo Mino

   Pages 19-54

4. Indeterminacy in Endogenous Growth Models

   • Kazuo Mino

   Pages 55-92

5. Growth Models with Multiple Steady States

   • Kazuo Mino

   Pages 93-120

6. Stabilization Effects of Policy Rules

   • Kazuo Mino

   Pages 121-158

7. Indeterminacy in Open Economies

   • Kazuo Mino

   Pages 159-205

8. New Directions

   • Kazuo Mino

   Pages 207-212

9. Back Matter

   Pages 213-230

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Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules.  The book also considers equilibrium indeterminacy in open economy models. 

• Belief-Driven Fluctuations
• Business Cycles
• Endogenous Growth
• Equilibrium Indeterminacy
• Sunspots

• Kyoto University Institute of Economic Research, Kyoto, Japan

  Kazuo Mino

Kazuo Mino is a professor of Economics at Doshisha University and a professor emeritus of Kyoto University. He is the former president of the Japanese Economic Association and the former editor of the Japanese Economic Review. Prior to joining Doshisha University, he worked at Hiroshima, Tohoku, Kobe and Osaka Universities as well as at Kyoto Institute of Economic Research at Kyoto University. Mino has published extensively on various topics in macroeconomic theory including growth and business cycle models, monetary and fiscal policies and open economy macroeconomics.

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