Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules.  The book also considers equilibrium indeterminacy in open economy models. 

Based on a three-year joint research project, this book collects studies on the cultural basis of economic growth in India. Unlike the foregoing investigations on India’s economic growth from the economic perspectives, this book presents interdisciplinary discussions on India’s economic growth. The participants in this project consist of a cultural anthropologist who is an expert in the social and historical study on India as well as a group of researchers specializing in various fields of economics such as growth theory, public finance, income distribution, family economics, and economics of education. Our joint research yields new insights on India’s economic growth and social change. In addition, this book presents new findings of happiness in India obtained by our large-scale survey.

Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules.  The book also considers equilibrium indeterminacy in open economy models. 

Based on a three-year joint research project, this book collects studies on the cultural basis of economic growth in India. Unlike the foregoing investigations on India’s economic growth from the economic perspectives, this book presents interdisciplinary discussions on India’s economic growth. The participants in this project consist of a cultural anthropologist who is an expert in the social and historical study on India as well as a group of researchers specializing in various fields of economics such as growth theory, public finance, income distribution, family economics, and economics of education. Our joint research yields new insights on India’s economic growth and social change. In addition, this book presents new findings of happiness in India obtained by our large-scale survey.