Inflation and growth in a disequilibrium macroeconomic model

DOI10.1016/0022-0531(83)90108-4zbMath0517.90014OpenAlexW2028732930MaRDI QIDQ1053590

Pierre M. Picard

Publication date: 1983

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(83)90108-4

zbMATH Keywords

existenceinflationunicityunemploymentPhillips curveadjustment mechanismsasymptotic stability of steady statesdisequilibrium growth modeldynamics of fixprice temporary equilibria

Mathematics Subject Classification ID

Economic growth models (91B62) General equilibrium theory (91B50)

Related Items (4)

Fixed price equilibria in an overlapping generations model with investment ⋮ Sector-specific capital, Bang-bang investment, and the Filippov solution ⋮ Short-run inventory oscillations in the Eckalbar disequilibrium macro model ⋮ On the dominance of the Keynesian regime in disequilibrium growth theory: a note

Cites Work

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• Disequilibrium growth theory
• Disequilibrium dynamics in a simple macroeconomic model
• Neo-Keynesian Disequilibrium Theory in a Monetary Economy
• The Firm in Uncertain Markets and Its Price, Wage and Employment Adjustments
• Price Determination in a Stock-Flow Economy

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