Abstract
Chapter 2 reports some results about OGMs. Among the major topics are sunspot equilibria and how to interprete indeterminate REE. It is argued, that sunspots should be taken serious, but Grandmont’s deterministic cycles should not. It is pointed out, that indeterminacy of the REE is a very general phenomenon, which should not be ignored. Its interpretation turns out to be a thorny issue. In the opinion of the author some interpretations like that as neutrality should be dismissed.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1992 Springer-Verlag Berlin · Heidelberg
About this chapter
Cite this chapter
Schönfelder, B. (1992). Summary and Conclusions. In: Overlapping Structures as a Model of Money. Microeconomic Studies. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45713-5_10
Download citation
DOI: https://doi.org/10.1007/978-3-642-45713-5_10
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-45715-9
Online ISBN: 978-3-642-45713-5
eBook Packages: Springer Book Archive