This paper addresses the e ects of indeterminacy on the volatility of asset prices in a stochastic overlapping generations model with 3-period lived agents. With complete markets, the only indeterminacy is due to the selection of initial conditions for the economy. As with deterministic economies, the equilibrium set converges to the steady state in the long run. With incomplete markets, not on...

Labelled Markov processes are probabilistic versions of labelled transition systems. Labelled transition systems where the final state is.. Labelled Markov processes are probabilistic versions of labelled transition systems. Labelled transition systems where the final state is.. Systems that can be in a state and have transitions between states; these transitions are triggered by actions. The t...

We develop a macroeconomic model with adverse selection. A continuum of households purchase goods from a continuum of anonymous producers. The quality of products can only be learned after trade. Adverse selection arises as low-quality goods deliver higher profits for producers but are less desirable for households. Higher aggregate demand induces more high-quality goods, raises average quality...

We propose a novel approach to deal with the problem of indeterminacy in linear rational expectations models. The method consists augmenting original state space set auxiliary exogenous equations provide adequate number explosive roots presence indeterminacy. solution this expanded space, if it exists, is always determinate, and identical indeterminate model. proposed accommodates determinacy a...

Triple Refined Indeterminate Neutrosophic Set (TRINS) a case of the refined neutrosophic set was introduced in [8]. The uncertain and inconsistent information which are available in real world is represented with sensitivity and accuracy by TRINS. Better precision is provided in handling indeterminacy; by classifying indeterminacy (I) into three, based on membership; as indeterminacy leaning to...

Kantian statists believe that the state is a conceptual prerequisite for acquisition of property rights and, hence, freedom itself. They argue under statelessness, are indeterminate, unilateral, and unassured therefore remain merely provisional until instituted. We not morally bound by rights, hence there can be no justice (or injustice) without state. This article makes two arguments. First, i...

In a standard overlapping generations model, active monetary policy reinforces mechanisms that lead to equilibrium indeterminacy and to countercyclical behavior of young-age consumption. The policy rule which minimizes inflation volatility can be active or passive, depending on the characteristics of shocks and the risk aversion of households. Inflation forecast errors are always greater under ...

Understanding how indeterminacy is different from uncertainty crucial to posthumanism and has major implications for reconfiguring curriculum. Uncertainty do with epistemology, about not knowing whether a state of affairs or not; instance, one would know something here there, now then. Indeterminacy, however, ontological eschews the idea individually existing determinate entities, proposing ins...