Browsing Department of Economics by Author "Meng, Qinglai"
Now showing items 1-2 of 2
-
Huang, Kevin X.D.; Meng, Qinglai (Vanderbilt University, 2010)Abstract: A challenge facing the literature of equilibrium indeterminacy and sunspot-driven business cycle fluctuations based on increasing returns to scale in production is that the required degree of increasing returns ...
-
Huang, Kevin X.D.; Meng, Qinglai (Vanderbilt University, 2007)In sticky price models with endogenous investment, virtually all monetary policy rules that set a nominal interest rate in response solely to future inflation induce real indeterminacy of equilibrium. Applying the ...