DISEQUILIBRIUM DYNAMICS IN A SIMPLE MACROECONOMIC MODEL

被引：35

作者：

BOHM, V

机构：

[1] Center for Operations Research and Econometrics, Université Catholique de Louvain, B-1348 Louvain-La-Neuve

来源：

JOURNAL OF ECONOMIC THEORY | 1978年 / 17卷 / 02期

关键词：

D O I：

10.1016/0022-0531(78)90070-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The dynamic behavior of a simple macroeconomic disequilibrium model is analyzed in which consumers' changes in money holdings constitute the dynamic link between any two periods. It is shown that, under constant government consumption, a constant production function (no investment), and fixed prices and wages, stationary states of Keynesian unemployment are stable whereas those of repressed inflation are globally unstable. Possibilities of unemployment and output cycles are indicated for fixed wages as well as for some very simple class of wage and price adjustment mechanisms. © 1978.

引用

页码：179 / 199

页数：21

共 14 条

[1]

ARROW KJ, 1971, GENERAL COMPETITIVE

[2]

Barro RobertJ., 1976, MONEY EMPLOYMENT INF

[3] DISEQUILIBRIUM APPROACH TO MONOPOLISTIC PRICE SETTING AND GENERAL MONOPOLISTIC EQUILIBRIUM [J].