sunspot Maksud & Definisi

Contoh sunspot

• However, this comes at the cost of weakening the ability of sunspot models to explain fluctuations along some dimensions.

• This can produce multiple equilibria and open the door to sunspot fluctuations.

• The examples of sunspot equilibria that were known at the time were highly stylized and involved, for example, only a finite number of random states.

• The stationary sunspot equilibria of a simple overlapping generations economy with heterogeneous agents are considered.

• Indeterminacy and the sunspot do not increase these statistics and therefore do not alleviate the severity of the equity premium and other financial puzzles.

• In particular, we were unable to connect sunspot ideas with everyday events in financial markets, like excessive volatility in exchange rates and asset prices.

• Furthermore, we restrict attention to a time-invariant linear sunspot function.

• In this economy, agents use the sunspot signal observed at the beginning of the current period to form expectations on next-period prices only.