16 citations · 45 across the 15 of their papers we have counts for
3 papers · 1 filter
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…
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…
Unsaturated deformable porous media flow with phase transition
Pavel Krejci, Elisabetta Rocca, Juergen Sprekels
In the present paper, a continuum model is introduced for fluid flow in a deformable porous medium, where the fluid may undergo phase transitions. Typically, such problems arise in…