European University Institute Library

Sunspots and Non-Linear Dynamics, Essays in Honor of Jean-Michel Grandmont, edited by Kazuo Nishimura, Alain Venditti, Nicholas C. Yannelis

eng

0

non fiction

Sunspots and Non-Linear Dynamics

electronic resource

dictionaries

967865946

edited by Kazuo Nishimura, Alain Venditti, Nicholas C. Yannelis

Springer eBooks.Studies in Economic Theory,, 31, 1431-8849

Essays in Honor of Jean-Michel Grandmont

This book presents the state-of-the-art in non-linear dynamics and sunspots. These two topics have been the core of an international conference on instability and public policies in a globalized world, organized at Aix-Marseille School of Economics and GREQAM in honor of Jean-Michel Grandmont. He has made significant contributions on general equilibrium theory, monetary theory, learning, aggregation, non-linear dynamics and sunspots. This book assembles contributions by Jean-Michel Grandmont's colleagues, students and friends that have been influenced by his works and that are at the frontier of research in this domain today.--, Provided by publisher

I. Self-fulfilling Expectations and Sunspots -- Assessing the Local Stability Properties of Discrete Three-Dimensional Dynamical Systems: a Geometrical Approach with Triangles and Planes & an Application with some Cones -- From Sunspots to Black Holes: Singular Dynamics in Macroeconomic Models -- Sunspot Fluctuations in Two-Sector Models with Variable Income Effects -- A Survey on Self-Fulfilling Mistakes -- Regime-Switching Sunspot Equilibria in a One-Sector Growth Model with Aggregate Decreasing Returns and Small Externalities -- Equilibrium Dynamics in a Two-Sector OLG Model with Liquidity Constraint -- Sunspots and Homoclinic Bifurcations in Continuous-Time Endogenous Growth Models -- II. Bubbles and Stabilizing Policy -- Rational Land and Housing Bubbles in Infinite-Horizon Economies -- The Stabilizing Virtues of Monetary Policy on Endogenous Bubble Fluctuations -- Can Consumption Taxes Stabilize the Economy in the Presence of Consumption Externalities? -- III. Growth -- Uncertainty and Sentiment-Driven Equilibria -- Technological Progress, Employment and the Lifetime of Capital -- Nonbalanced Growth in a Neoclassical Two-sector Optimal Growth Model -- IV. General Equilibrium -- An Argument for Positive Nominal Interest -- Winners and Losers from Price-Level Volatility: Money Taxation and Information Frictions -- A Note on Information, Trade and Common Knowledge