Optimal policy in a model of endogenous fluctuations and assets

Article Abstract:

Assets are connected to endogenous aggregate output fluctuations in a model of heterogeneous agents. An abstract institution is designed for an efficient elicitation of reactions by strategically transmitting information about aggregates. Agents use feedback that affect the qualities of aggregate fluctuations. The optimal feedback policy lessens asset rates of return, maximizes the persistence of aggregate output fluctuations and results in the distribution of wealth to expand continually and without limit.

Models, Business cycles

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Non-linear endogenous fluctuations with free entry and variable markups

Article Abstract:

A research is presented on the markup variability associated with free entry of Cournotion firms on the occurrence of local indeterminacy, local Hopf bifurcations and multiplicity of steady states.

United States, Science & research, Bifurcation theory, Markup, Diophantine analysis

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Endogenous fluctuations in an open economy with increasing returns to scale

Article Abstract:

Endogenous fluctuations are examined for a small economy that is open, and such macroeconomic and trade balance fluctations are found with increasing returns to scale.

Economies of scale

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