Management
Foundations for a Disequilibrium Theory of the Business Cycle (English, Carl Chiarella | Peter Flaschel | Reiner Franke)
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Product Description
About the Book
In a non-market-clearing approach to business cycle theory, this book builds an advanced model of economic activity, inflation and income distribution in a Keynesian spirit. After a qualitative analysis of the basic feedback mechanisms, the authors calibrate the model to the stylized facts of the business cycle in the U.S. economy. This calibrated model is used to carry out various macroeconomic simulation studies as well as a detailed study of t…
ISBN: 9780521850254
Book Specifications
| ISBN-13 | 9780521850254 |
| ISBN-10 | 0521850258 |
| Publisher | Cambridge University Press |
| Category | Management |
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