Foundations for a Disequilibrium Theory of the Business Cycle

Name: Foundations for a Disequilibrium Theory of the Business Cycle
Brand: Cambridge University Press
SKU: 9780521850254
Price: 4794.00 INR
Availability: InStock

by Carl Chiarella, Peter Flaschel, Reiner Franke

Cambridge University Press

₹4,794

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From the publisher

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.

Description supplied by the publisher.