Indeterminacy, home production, and the business cycle: A calibrated analysis
构建了一个包含市场部门和非市场（家庭）生产部门的商业周期模型，该模型在低外部性下即可出现多重均衡和由自我实现预期驱动的周期，并分析了技术冲击的影响，生成的时间序列与美国战后数据可比。
In this paper I present a business cycle model with one market sector that produces a standard good, and another that produces a non-market, or home, good. The model can have multiple equilibria, and therefore cycles driven only by self-fulfilling expectations, with low externalities to market production. In particular, an upward sloping aggregate labor demand, as e.g., in Farmer and Guo (J. Economic Theory 63 (1994) 42–72), is not required for indeterminacy. The effect of technology shocks is also studied. In all cases the time series that are generated have properties that are comparable to the real US postwar series.