Sunspot Equilibria is a type of stochastic general equilibrium in which extrinsic random variables—unrelated to fundamentals such as preferences, endowments, or technology—serve as coordination devices to generate multiple equilibria through self-fulfilling expectations.
200
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11.4K
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232
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187
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Publications per year
2017–2026
13
Parents
Publications
200
David Cass, Karl Shell · Journal of Political Economy · 1983 · 998 citations
Stationary sunspot equilibria in a finance constrained economy
Michael Woodford · Journal of Economic Theory · 1986 · 303 citations
Social Sciences, Economics, Finance +17
Learning to Believe in Sunspots
Michael Woodford · Econometrica · 1990 · 290 citations
1–5 of 200
Authors
232
- KS
12
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11
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7
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6
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6
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1–5 of 232
Institutions
187
University of Pennsylvania
Philadelphia, United States
14 h-index
16 publications
1.3K citations
Cornell University
Ithaca, United States
10 h-index
11 publications
625 citations
New York University
New York, United States
9 h-index
10 publications
372 citations
University of Oregon
Eugene, United States
8 h-index
11 publications
421 citations
Kyoto University
Kyoto, Japan
7 h-index
9 publications
202 citations
Oregon State University
Corvallis, United States
7 h-index
7 publications
272 citations
Columbia University
New York, United States
6 h-index
6 publications
611 citations
National Bureau of Economic Research
Cambridge, United States
5 h-index
5 publications
426 citations
1–8 of 187
Venues
- Journal of Economic Theory
JET · 29 publications · 1.4K citations
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- Solar Physics
24 publications · 1.2K citations
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- SSRN Electronic Journal
Repository · 12 publications · 329 citations
11
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- Macroeconomic Dynamics
11 publications · 285 citations
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- Journal of Economic Dynamics and Control
10 publications · 662 citations
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