
Foundations for a Disequilibrium Theory of the Business Cycle
Carl Chiarella, Peter Flaschel, Reiner Franke
₹4,794

Macro Foundations
by Carl Chiarella, Peter Flaschel
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This book is in the tradition of non-market-clearing approaches to macrodynamic economics. It shows for the first time that macrodynamics can be developed and investigated in a systematic fashion, leading to coherent models of fluctuation growth. This differs considerably from the microfounded full equilibrium approaches that are currently fashionable.
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