| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963059 | Journal of International Economics | 2011 | 18 Pages |
Abstract
⺠I show that international business cycle models can admit multiple steady states. ⺠I explore the equilibrium dynamics around each steady state. ⺠If the excess demand function slopes upward, these dynamics may be unbounded.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Martin Bodenstein,