Determinacy of Equilibrium in Infinite Horizon Economics A Perspective Classic Reprint
Language: English
Published by Forgotten Books, 2018
- Softcover
- New

Seller: PBShop.store US, Wood Dale, IL, U.S.A.PBShop.store US
AbeBooks seller since April 7, 2005
Condition: New
US$ 27.64
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Seller Inventory # LW-9781330689714
- Title
- Determinacy of Equilibrium in Infinite Horizon Economics A Perspective Classic Reprint
- Author
- Walter J. Muller
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Binding
- PAP
- Language
- English
- ISBN 10
- 1330689712
- ISBN 13
- 9781330689714
- Item weight
- 127 grams
This work traces the development of indeterminacy from early overlapping generations models to more general infinite-horizon frameworks with production, money, and multiple generations. It relates classic results to contemporary questions in rational expectations and growth theory, and points to directions for future research.
- Explains how indeterminacy can arise in infinite-horizon economies and why it matters for analysis and policy.
- Connects production, money, and agent lifetimes to stability and the possibility of multiple equilibria.
- Shows how different approaches—from perfect foresight to rational expectations—shape conclusions about equilibrium paths.
- Highlights key results and open questions, with guidance on how new assumptions affect determinacy.
Ideal for readers of macroeconomics and growth theory who want a structured view of how equilibrium findings evolved and where they may lead next.
"Synopsis" may belong to another edition of this title.
PBShop.store US
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