23 citations · 34 across the 5 of their papers we have counts for
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math.DS2017
A continuum of path-dependent equilibrium solutions induced by sticky expectations
Pavel Krejci, Eyram Kwame, Harbir Lamba +1
We analyze a simple macroeconomic model where rational inflation expectations is replaced by a boundedly rational, and genuinely sticky, response to changes in the actual inflation…
math.DS2017
Global stability of a piecewise linear macroeconomic model with a continuum of equilibrium states and sticky expectation
Pavel Krejci, Harbir Lamba, Dmitrii Rachinskii
We consider piecewise linear discrete time macroeconomic models, which possess a continuum of equilibrium states. These systems are obtained by replacing rational inflation expecta…