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  1. Money growth targeting and indeterminacy in small open economies
    Author: Huang, Kevin X. D.; Meng, Qinglai; Xue, Jianpo
    Published: May 19, 2018
    Publisher:  Vanderbilt University, Department of Economics, Nashville, TN

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    Language: English
    Media type: Book
    Format: Online
    Series: Vanderbilt University Department of Economics working papers ; 18, 00005
    Subjects: self-fulfilling expectations; indeterminacy; saddle-path stability; money growth targeting; small open economy
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  2. Characterization of the set of equilibria in max-min group contests with continuous efforts and a private good prize
    Author: Gilli, Mario; Sorrentino, Andrea
    Published: July 2024
    Publisher:  Fondazione Eni Enrico Mattei, Milano, Italia

    We characterise the set of equilibria in a deterministic group contest with the weakest-link impact function, continuous efforts and a private good prize, complementing the results obtained by Chowdhury et al. (2016). We consider a two-stages... more

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    We characterise the set of equilibria in a deterministic group contest with the weakest-link impact function, continuous efforts and a private good prize, complementing the results obtained by Chowdhury et al. (2016). We consider a two-stages two-groups model, where in the first stage the agents simultaneously choose the sharing rule, while in the second stage they choose efforts. Despite the existence of within-group symmetric Nash equilibria in pure strategies in the effort stage, there are combinations of possible sharing rules such that no pure strategy effort equilibria exist, hence for these sharing rules, the continuation payoffs are not defined, so that there exist no subgame perfect Nash equilibria in pure stragies. However, limiting ourselves to the restricted sharing rules case, we are able to state that there are continua of subgame perfect equilibria. In this case, by additional restrictions on the effort levels of each class of effort equilibria, we are able to computationally characterise the set of subgame perfect equilibria in pure strategies.

     
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    Series: Working paper / Fondazione Eni Enrico Mattei ; 2024, 21
    Subjects: Group contests; sharing rules; indeterminacy
    Scope: 1 Online-Ressource (circa 53 Seiten)
  3. Money and prices under uncertainty
    Published: Sept. 2001
    Publisher:  Brown Univ., Dep. of Economics, Providence, RI

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    Edition: [Elektronische Ressource]
    Series: Working paper / Brown University, Department of Economics ; 2001,32
    Subjects: Preisniveau; Geldpolitik; Finanzpolitik; Allgemeines Gleichgewicht; Unvollkommener Markt; Theorie; indeterminacy
    Scope: Online Ressource, 24 p., text
  4. Engaging with the Bible in Visual Culture
    Hermeneutics between Word and Image, with Broomberg and Chanarin's Holy Bible
    Author: Beaumont, Sheona
    Published: [2019]

    Increasingly articulate contemporary art practices are engaging with biblical representation, revealing new relationships with religion through the availability of the word in image. Taking as exemplary the photographic publication of Adam Broomberg... more

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    Increasingly articulate contemporary art practices are engaging with biblical representation, revealing new relationships with religion through the availability of the word in image. Taking as exemplary the photographic publication of Adam Broomberg and Oliver Chanarin's Holy Bible (2013), this essay considers the evidence for their hermeneutics between image and word that is characterized by open awareness of and expansive participation in the (rereading of the) Bible. Discussing this engagement, I explore imagistic readings of the Bible through the artists' strategies of interpolation and repetition, as well as examining their chosen theme—catastrophe—for its revelatory power. Through the artists' self-reflexive hermeneutics of indeterminacy, I argue that the discussion of the return of religion in art needs attuning to this kind of specific practitioner experience: a hermeneutical circle of imaginative, dialogical, and dynamic interpretative positions in which the notion of indeterminacy is persuasive for interpretative grist, historical accountability, and theological horizon.

     
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    Media type: Article (journal)
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    Parent title: Enthalten in: Religion and the arts; Leiden : Brill, 1996; 23(2019), 4, Seite 411-433; Online-Ressource

    Subjects: Archive of Modern Conflict; Bible; Broomberg; Chanarin; Christianity; Gadamer; Holy Bible; art history; hermeneutics; indeterminacy; photography; reception theory; theology; visual culture; visual culture criticism
  5. Towards a New Keynesian theory of the price level
    Author: Barrdear, John
    Published: [2015]
    Publisher:  CFM, Centre for Macroeconomics, London

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    Series: CFM discussion paper series ; CFM-DP 2015, 9 (May 2015)
    Subjects: New-Keynesian; indeterminacy; dispersed information; FTPL; Blanchard-Kahn; Taylor rules; Taylor principle
    Scope: 1 Online-Ressource (circa 240 Seiten), Illustrationen
  6. Productive consumption hypothesis and a two-sector model of economic development
    Author: Daitoh, Ichiroh; Nishimura, Kazuo
    Published: 13 February, 2019
    Publisher:  Institute for Economic Studies, Keio University, Tokyo, Japan

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    Series: KEIO-IES discussion paper series ; DP2019, 007 (13 February, 2019)
    Subjects: developing country; economic growth; indeterminacy of equilibrium; productive consumption; growth; indeterminacy; productive consumption externality; two-sector model
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  7. Growth and instability in a small open economy with debt
    Author: Modesto, Leonor; Nourry, Carine; Seegmuller, Thomas; Venditti, Alain
    Published: [2020]
    Publisher:  Aix-Marseille School of Economics, [Aix-en-Provence

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    Series: Working papers / AMSE, Aix-Marseille School of Economics ; WP 2020, nr 12
    Subjects: Small open economy; public debt; credit constraint; indeterminacy
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  8. Monetary policy, self-fulfilling expectations and the U.S. business cycle
    Author: Nicolò, Giovanni
    Published: April 28, 2020
    Publisher:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

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    Series: Finance and economics discussion series ; 2020, 035
    Subjects: Monetary policy; business cycle; expectations; indeterminacy; Bayesian methods
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  9. Sequel to History
    Postmodernism and the Crisis of Representational Time
    Author: Ermarth, Elizabeth Deeds
    Published: 1991
    Publisher:  Princeton University Press, Princeton

    Sequel to History offers a comprehensive definition of postmodernism as a reformation of time. Elizabeth Deeds Ermarth uses a diversified theoretical approachdrawing on post-structuralism, feminism, new historicism, and twentieth-century scienceto... more

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    Sequel to History offers a comprehensive definition of postmodernism as a reformation of time. Elizabeth Deeds Ermarth uses a diversified theoretical approachdrawing on post-structuralism, feminism, new historicism, and twentieth-century scienceto demonstrate the crisis of our dominant idea of history and its dissolution in the rhythmic time of postmodernism. She enlarges this definition in discussions of several crises of cultural identity: the crisis of the object, the crisis of the subject, and the crisis of the sign. Finally, she explores the relation between language and time in post-modernism, proposing an arresting theory of her own about the rhythmic nature of postmodern temporality. Because the postmodern construction of time appears so clearly in narrative writing, each part of this work is punctuated by a "rhythm section" on a postmodern narrative (Robbe-Grillet's Jealousy, Cortezar's Hopscotch, and Nabokov's Ada); these extended readings provide concrete illustrations of Ermarth's theoretical positions. As in her critically acclaimed Realism and Consensus in the English Novel, Ermarth ranges across disciplines from anthropology and the visual arts to philosophy and history. For its interdisciplinary character and its lucid definition of postmodernism, Sequel to History will appeal to all those interested in the humanities

     
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  10. The (Ir)relevance of rule-of-thumb consumers for U.S. business cycle fluctuations
    Author: Albonico, Alice; Ascari, Guido; Haque, Qazi
    Published: [2020]
    Publisher:  Department of Economics, Management and Statistics, University of Milano-Bicocca, Milan, Italy

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    Series: DEMS working paper series ; no. 453 (November 2020)
    Subjects: rule-of-thumb consumers; indeterminacy; business cycle fluctuations
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  11. Intra-industry trade, involuntary unemployment and macroeconomic stability
    Author: Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor
    Published: January 2021
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We study the impact of intra-industry trade and capital mobility on steady state welfare and on the stability properties of two countries with identical technologies and preferences. We consider a two-factor overlapping generations model, featuring... more

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    We study the impact of intra-industry trade and capital mobility on steady state welfare and on the stability properties of two countries with identical technologies and preferences. We consider a two-factor overlapping generations model, featuring one-sector of differentiated goods with taste for variety. There is imperfect competition in the output market and increasing returns to scale in production (fixed costs and externalities). In one country there is full employment and saddle path stability in autarky, whereas in the other there are efficiency wages, and the autarkic equilibrium may be locally indeterminate. After opening the borders, the rigid wage country may export indeterminacy to the full employment country, particularly if it is big enough. In contrast, when the full employment country is sufficiently big, local indeterminacy, and therefore expectations driven fluctuations may be eliminated in the world. In any case, stochastic and deterministic fluctuations (associated with local indeterminacy and bifurcations) are possible with smaller externalities, whatever the relative size of the two countries. Steady state welfare improves in the full employment country with free trade and capital mobility, while unemployment increases in the country with labor market rigidities, reducing welfare. We also find that taste for variety (and therefore intra-industry trade), reduces the likelihood of local indeterminacy, but leads to flip bifurcations under more plausible values of the model parameters.

     
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    Series: Discussion paper series / IZA ; no. 14047
    Subjects: bifurcations; indeterminacy; intra-industry trade; taste for variety; involuntary unemployment
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  12. The (ir)relevance of rule-of-thumb consumers for U.S. business cycle fluctuations
    Author: Albonico, Alice; Ascari, Guido; Haque, Qazi
    Published: [2020]
    Publisher:  The University of Western Australia, Economics, [Crawley, WA]

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    Series: Discussion paper / The University of Western Australia, Economics ; 20, 26
    Subjects: rule-of-thumb consumers; indeterminacy; business cycle fluctuations
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  13. Monetary policy and sentiment-driven fluctuations
    Author: Chan, Jenny
    Published: July 3, 2020
    Publisher:  CFM, Centre for Macroeconomics, London

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    Language: English
    Media type: Book
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    Series: CFM discussion paper series ; CFM-DP 2020, 20
    Subjects: New-Keynesian; business cycles; sunspots; animal spirits; dispersed information; rational expectations; optimal monetary policy; Taylor principle; indeterminacy
    Scope: 1 Online-Ressource (circa 101 Seiten), Illustrationen
  14. Sequel to History
    Postmodernism and the Crisis of Representational Time
    Author: Ermarth, Elizabeth Deeds
    Published: [2021]
    Publisher:  Princeton University Press, Princeton, NJ

    Frontmatter -- Contents -- Preface -- Prologue. Why Text? -- Part One. Time off the Track -- Part Two. Multilevel Thinking -- Part Three. Language and Time -- Coda. On Contingency -- Selected Bibliography -- Index Sequel to History offers a... more

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    Frontmatter -- Contents -- Preface -- Prologue. Why Text? -- Part One. Time off the Track -- Part Two. Multilevel Thinking -- Part Three. Language and Time -- Coda. On Contingency -- Selected Bibliography -- Index Sequel to History offers a comprehensive definition of postmodernism as a reformation of time. Elizabeth Deeds Ermarth uses a diversified theoretical approachdrawing on post-structuralism, feminism, new historicism, and twentieth-century scienceto demonstrate the crisis of our dominant idea of history and its dissolution in the rhythmic time of postmodernism. She enlarges this definition in discussions of several crises of cultural identity: the crisis of the object, the crisis of the subject, and the crisis of the sign. Finally, she explores the relation between language and time in post-modernism, proposing an arresting theory of her own about the rhythmic nature of postmodern temporality. Because the postmodern construction of time appears so clearly in narrative writing, each part of this work is punctuated by a "rhythm section" on a postmodern narrative (Robbe-Grillet's Jealousy, Cortezar's Hopscotch, and Nabokov's Ada); these extended readings provide concrete illustrations of Ermarth's theoretical positions. As in her critically acclaimed Realism and Consensus in the English Novel, Ermarth ranges across disciplines from anthropology and the visual arts to philosophy and history. For its interdisciplinary character and its lucid definition of postmodernism, Sequel to History will appeal to all those interested in the humanities

     
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  15. The (ir)relevance of rule-of-thumb consumers for US business cycle fluctuations
    Author: Albonico, Alice; Ascari, Guido; Haque, Qazi
    Published: November 11, 2020
    Publisher:  Australian National University, Crawford School of Public Policy, Centre for Applied Macroeconomic Analysis, Canberra

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    Series: CAMA working paper ; 2020, 102 (November 2020)
    Subjects: rule-of-thumb consumers; indeterminacy; business cycle fluctuations
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  16. The set of equilibria in max-min two groups contests with binary actions and a private good prize
    Author: Gilli, Mario; Sorrentino, Andrea
    Published: June 2024
    Publisher:  Fondazione Eni Enrico Mattei, Milano, Italia

    In this paper we consider a deterministic complete information two groups contest where the effort choices made by the teammates are aggregated into group performance by the weakest-link technology (perfect complementarity), that is a "max-min group... more

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    In this paper we consider a deterministic complete information two groups contest where the effort choices made by the teammates are aggregated into group performance by the weakest-link technology (perfect complementarity), that is a "max-min group contest", as defined by Chowdhury et al. (2016). However, instead of a continuum effort set, we employ a binary action set. Further, we consider private good prizes, so that there is a sharing issue within the winning group. Therefore, we include two stages: the first one about the setting of a sharing rule parameter and the second one about simultaneous and independent actions' choices. The binary action set allow us to innovate on the existing literature by (i) characterizing the full set of the second stage equilibrium actions; (ii) computationally characterizing in MATLAB the set of within-group symmetric subgame perfect Nash equilibria in pure strategies in the entire game. We find conditions such that the set of within-group symmetric subgame perfect Nash equilibria in pure strategies have the cardinality of the continuum. We also check whether this paper's results are due to discreteness or to binary choice, proving that in this case there are no subgame perfect Nash equilibria in pure strategies, as proved in the continuum case in Gilli and Sorrentino (2024).

     
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    hdl: 10419/300189
    Series: Working paper / Fondazione Eni Enrico Mattei ; 2024, 08
    Subjects: Group contests; sharing rules; indeterminacy
    Scope: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  17. Monetary policy in the Euro Area
    active or passive?
    Author: Albonico, Alice; Ascari, Guido; Haque, Qazi
    Published: [2024]
    Publisher:  Department of Economics, Management and Statistics, University of Milano-Bicocca, Milan, Italy

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    Series: DEMS working paper series ; no. 535 (May 2024)
    Subjects: monetary policy; indeterminacy; euro area; business cycle fluctuations; inflation
    Scope: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  18. Heterogeneous expectations, indeterminacy, and postwar US business cycles
    Author: Ilabaca, Francisco; Milani, Fabio
    Published: April 2020
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper estimates a New Keynesian model extended to include heterogeneous expectations, to revisit the evidence that postwar US macroeconomic data can be explained as the outcome of passive monetary policy, indeterminacy, and sunspot-driven... more

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    This paper estimates a New Keynesian model extended to include heterogeneous expectations, to revisit the evidence that postwar US macroeconomic data can be explained as the outcome of passive monetary policy, indeterminacy, and sunspot-driven fluctuations in the pre-1979 sample, with a switch to active monetary policy and a determinate equilibrium starting in the early 1980s. Different shares of consumers and firms form either rational expectations, or adaptive and extrapolative expectations. The inclusion of heterogeneous expectations alters the determinacy properties of the model compared to the corresponding case under exclusively rational expectations. The Taylor principle is neither necessary nor sufficient, as the details of expectations may matter more for equilibrium stability. The model is estimated with Bayesian techniques, using rolling windows and allowing the parameters to fall both in the determinacy and indeterminacy regions. The estimates reveal large shares of agents who depart from rational expectations; heterogeneous expectations are preferred by the data everywhere in the sample. The results confirm that macroeconomic data in the early windows are better explained by indeterminacy, while determinacy is favored over the latest two decades. We uncover, however, some subsamples that include the 1980s and 1990s in which the Taylor principle is satisfied, but expectations becoming extrapolative raise the probability of indeterminacy to 50% and more.

     
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    Series: CESifo working paper ; no. 8224 (2020)
    Subjects: heterogeneous expectations in New Keynesian model; indeterminacy; sunspots; Taylor principle; deviations from rational expectations; time-varying parameters
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  19. Self-fulfilling labor wedge fluctuations and unemployment insurance
    Author: Kokonas, Nikolaos; Monteiro, Paulo Santos
    Published: March 28, 2023
    Publisher:  [London School of Economics and Political Science], [London, UK]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [CFM discussion paper series] ; [CFM-DP 2023, 13]
    Subjects: labor wedge; indeterminacy; unemployment insurance
    Scope: 1 Online-Ressource (circa 45 Seiten)
  20. Capital account liberalization, financial frictions, and belief-driven fluctuations
    Author: Kunieda, Takuma; Nishimura, Kazuo
    Published: January 2023
    Publisher:  School of Economics, Kwansei Gakuin University, Nishinomiya, Japan

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 815
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper series / [School of Economics, Kwansei Gakuin University] ; no. 244
    Subjects: Two-sector growth model; small open economy; financial constraints; heterogeneous agents; dynamic inefficiency; indeterminacy
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  21. The set of equilibria in max-min two groups contests with binary actions and a private good prize
    Author: Gilli, Mario; Sorrentin, Andrea
    Published: [2024]
    Publisher:  Department of Economics, Management and Statistics, University of Milano-Bicocca, Milan, Italy

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 718
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: DEMS working paper series ; no. 539 (June 2024)
    Subjects: Group contests; sharing rules; indeterminacy
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  22. Max-min group contests continuous efforts and a private good prize
    Author: Gilli, Mario; Sorrentino, Andrea
    Published: [2024]
    Publisher:  Department of Economics, Management and Statistics, University of Milano-Bicocca, Milan, Italy

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 718
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: DEMS working paper series ; no. 541 (July 2024)
    Subjects: Group contests; sharing rules; indeterminacy
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  23. Fixed interest rates over finite horizons
    Author: Blake, Andrew P.
    Published: 2012
    Publisher:  Bank of England, London

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 198 (454)
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Bank of England ; 454
    Subjects: Fixed nominal interest rates; uniqueness; indeterminacy
    Scope: Online-Ressource (593 KB), graph. Darst.
  24. From growth to cycles through beliefs
    Author: Gunn, Christopher M.
    Published: 2011
    Publisher:  McMaster Univ., Dep. of Economics, Hamilton

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Keine Speicherung
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Rev.
    Series: Department of Economics working paper series / McMaster University ; 2011,04
    Subjects: expectations-driven business cycle; sunspot; multiple equilibria; indeterminacy; technology; news shock; intangible capital; investmentspecific technical change; embodied; technological transition; technological adoption
    Scope: Online-Ressource (41 S.), graph. Darst.
  25. Performance of inflation targeting based on constant interest rate projections
    Author: Honkapohja, Seppo; Mitra, Kaushik
    Published: 2003
    Publisher:  Univ.-Bibliothek Frankfurt am Main, Frankfurt am Main

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    RVK Categories: QB 910
    Series: Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2003,39
    Subjects: Inflation Targeting; Zins; Entscheidung bei Unsicherheit
    Other subjects: (stw)Inflationssteuerung; (stw)Zins; (stw)Entscheidung unter Unsicherheit; indeterminacy; instability under learning; inflation targeting; inertia in demand; inflation inertia; Arbeitspapier; Graue Literatur
    Scope: Online-Ressource