Dynamics in Disequilibrium – Endogenous Business Cycles

Volker Böhm
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Volker Böhm: Bielefeld University

Chapter Chapter 7 in Macroeconomic Theory, 2017, pp 291-330 from Springer

Abstract: Abstract The presentation of the model in Chapter 6 showed that the dimension of the state space of the monetary economy in disequilibrium for which the dynamics needs to be defined increased from two to four adding the vector of prices and wages (p, w) to the pair of money balances and expected prices (M, pe).

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-60149-6_7

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DOI: 10.1007/978-3-319-60149-6_7

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