Introduction to the symposium on growth, fluctuations, and sunspots: Confronting the data

Jess Benhabib, Aldo Rustichini

Research output: Contribution to journalArticlepeer-review

39 Scopus citations

Abstract

The papers in this symposium demonstrate the theoretical as well as the empirical plausibility of indeterminacy and of sunspots in equilibrium models with infinitely lived agents. They depart from the standard competitive framework because of the presence of externalities or of monopolistic competition. Some focus on business fluctuations while others address long-run growth. The second part of the Introduction presents a general unifying framework to identify the structure that is common to the papers of the symposium. Journal of Economic Literature Classification Numbers: E00, E3, O40.

Original languageEnglish (US)
Pages (from-to)1-18
Number of pages18
JournalJournal of Economic Theory
Volume63
Issue number1
DOIs
StatePublished - Jun 1994
Externally publishedYes

Fingerprint Dive into the research topics of 'Introduction to the symposium on growth, fluctuations, and sunspots: Confronting the data'. Together they form a unique fingerprint.

Cite this