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  • 标题:Small departures from rationality magnify fluctuations
  • 本地全文:下载
  • 作者:Joao Ricardo Faria
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2004
  • 卷号:5
  • 出版社:Economics Bulletin
  • 摘要:This note shows that introducing into the economy a few number of agents who do not support sunspots theories magnifies endogenous business cycles fluctuations when the current state of the economic system is sensitive enough to traders' forecasts, or equivalently, in presence of indeterminacy.
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