LIBROS DEL AUTOR: mark weder

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  • Business Cycle Models with Indeterminacy
    M. Weder / Mark Weder
    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 ...
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