L’approche séquentielle du déséquilibre dans les modèles de stocks et de flux

Philippe Rouzier
Additional contact information
Philippe Rouzier: Université Laval

L'Actualité Economique, 1978, vol. 54, issue 2, 234-248

Abstract: This article is concerned with those aspects of economic policy that are related to macro disequilibrium theory. Central to it is the way by which time enters the latter theory. Clower's dual hypothesis about Keynesian consumption function did not refer to time at all. Clower, Leijonhufvud and Howitt did introduce time in the so-called shopkeeper model, but they neglected the role of stocks. This article suggests the incorporation of buffer stocks in models of general disequilibrium. The method is the one used to endogenize policy reaction functions. Time and stocks are then the two poles around which a consistent view on quantitative economic policy can be formulated.

Date: 1978
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://id.erudit.org/iderudit/800773ar

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:actuec:v:54:y:1978:i:2:p:234-248

Access Statistics for this article

L'Actualité Economique is currently edited by Benoit Dostie

More articles in L'Actualité Economique from Société Canadienne de Science Economique Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Dostie ( this e-mail address is bad, please contact ).