2 papers
econ.TH2026
Proof of Steady-State Multiplicity in Aiyagari
Kieran James Walsh
I provide the first analytic construction of a canonical Aiyagari economy exhibiting at least three steady states. Along the way, I provide new upper and lower bounds on the statio…
econ.TH2024
Recent Advances on Uniqueness of Competitive Equilibrium
Alexis Akira Toda, Kieran James Walsh
This article reviews the recent advances in the uniqueness and multiplicity of competitive equilibria in models arising in mathematical economics, finance, macroeconomics, and trad…