Title: The Disequilibrium Theory in Macroeconomic Models: A Small-Scale Model
Abstract: Today the advances made in research on temporary fixed-price equilibria have made it a proven fact that macroeconomic theory can be founded on microeconomic bases. Globally, this research is at present concerned with either theoretical work aiming at enlarging the framework of the 'three-goods model', or else it deals with often complex econometric means used to estimate the various disequilibrium regimes at work in the economy. The object of the small-scale model described here is not to present new theoretical contributions to the disequilibrium theory, nor does it set out to provide ‘disequilibrium’ estimates of structural parameters. It has been developed in order to: .
Publication Year: 1984
Publication Date: 1984-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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