Business Cycle Models with Indeterminacy pdf epub mobi txt 电子书下载 2024

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Weder, Mark

Springer Verlag

179

$ 79.04

Pap

9783790810783

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发表于2024-11-13

Business Cycle Models with Indeterminacy epub 下载 mobi 下载 pdf 下载 txt 电子书下载 2024

Business Cycle Models with Indeterminacy pdf epub mobi txt 电子书下载 2024

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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.

Business Cycle Models with Indeterminacy 下载 mobi epub pdf txt 电子书