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Descrição Detalhada da Publicação
Information Stickiness in General Equilibrium and Endogenous Cycles
Título Revista
Economics: the Open-Access, Open Assessment E-Journal
Ano (publicação definitiva)
2013
Língua
Inglês
País
Alemanha
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Abstract/Resumo
Traditionally, observed fluctuations in aggregate economic time series have been mainly
modeled as being the result of exogenous disturbances. A better understanding of
macroeconomic phenomena, however, surely requires looking directly at the relations between
variables that may trigger endogenous nonlinearities. Several attempts to justify endogenous
business cycles have appeared in the literature in the last few years, involving many types
of different settings. This paper intends to contribute to such literature by investigating how
we can modify the well-known information stickiness macro model, through the introduction
of a couple of reasonable new assumptions, in order to trigger the emergence of endogenous
fluctuations.
Agradecimentos/Acknowledgements
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Palavras-chave
Endogenous cycles; Information stickiness; Macroeconomic fluctuations; General equilibrium; Periodicity and chaos
Classificação Fields of Science and Technology
- Economia e Gestão - Ciências Sociais