Business Cycle Models with Indeterminacy is popular PDF and ePub book, written by Mark Weder in 2012-12-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Business Cycle Models with Indeterminacy can be Read Online from any device for your convenience.
Business Cycle Models with Indeterminacy Book PDF Summary
Three original models which explain business cycles as a result of self-fulfilling expectations are presented. The models are founded on the structure of dynamic general equilibrium theory. Market power and increasing returns to scale are introduced which allow indeterminancy of the Rational Expectations equilibria to be obtained. Unlike the majority of existing literature on this subject, the departures from perfect markets and constant returns presented in these models are very low and, more importantly, at a realistic level to achieve the respective results. It is demonstrated in all of the presented models that stylized facts of the business cycle can be reproduced.
Detail Book of Business Cycle Models with Indeterminacy PDF
- Author : Mark Weder
- Release : 06 December 2012
- Publisher : Springer Science & Business Media
- ISBN : 9783642470189
- Genre : Business & Economics
- Total Page : 186 pages
- Language : English
- PDF File Size : 14,9 Mb
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