Endogenous expectations-driven business cycles in models with deterministic equilibrium dynamics: A survey

Date

1999

Author

Gaygısız Lajunen, Esma

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This study is a survey of expectations-driven models of endogenous fluctuations with deterministic equilibrium dynamics. The mechanisms that give rise to the occurrence of these types of fluctuations are discussed in the context of both perfectly and imperfectly competitive economies in which agents optimize with perfect foresight. The study emphasizes the role of alternative mechanisms in the generation of complex, nonexplosive, deterministic expectations-driven business cycles.

URI

https://hdl.handle.net/11511/108240

Collections

Department of Economics, Article