Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/62348
Authors: 
Gomes, Orlando
Year of Publication: 
2012
Series/Report no.: 
Economics Discussion Papers 2012-46
Abstract: 
Traditionally, observed fluctuations in aggregate economic time series have been mainly modelled as being the result of exogenous disturbances. A better understanding of macroeconomic phenomena, however, surely requires looking directly at the relations between variables that may trigger endogenous nonlinearities. Several attempts to justify endogenous business cycles have appeared in the literature in the last few years, involving many types of different settings. This paper intends to contribute to such literature by investigating how we can modify the well-known information stickiness macro model, through the introduction of a couple of reasonable new assumptions, in order to trigger the emergence of endogenous fluctuations.
Subjects: 
endogenous cycles
information stickiness
macroeconomic fluctuations
general equilibrium
periodicity and chaos
JEL: 
E10
C62
E32
C61
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type: 
Working Paper

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